PDS Planning Inc Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

PDS Planning Inc grew its holdings in S&P Global Inc. (NYSE:SPGI) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,681 shares of the business services provider’s stock after purchasing an additional 68 shares during the period. PDS Planning Inc’s holdings in S&P Global were worth $868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dupont Capital Management Corp raised its position in S&P Global by 27.1% during the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock valued at $12,019,000 after purchasing an additional 6,025 shares in the last quarter. Norden Group LLC bought a new position in shares of S&P Global during the first quarter valued at approximately $377,000. J.W. Cole Advisors Inc. boosted its stake in shares of S&P Global by 35.4% during the first quarter. J.W. Cole Advisors Inc. now owns 619 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 162 shares in the last quarter. Salomon & Ludwin LLC bought a new position in S&P Global in the first quarter worth approximately $39,000. Finally, Proficio Capital Partners LLC lifted its holdings in S&P Global by 12.9% during the first quarter. Proficio Capital Partners LLC now owns 1,199 shares of the business services provider’s stock worth $510,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock traded up $2.77 during mid-day trading on Monday, reaching $486.08. The stock had a trading volume of 79,399 shares, compared to its average volume of 1,194,776. The firm has a market cap of $150.83 billion, a price-to-earnings ratio of 42.66, a PEG ratio of 2.47 and a beta of 1.18. S&P Global Inc. has a 1-year low of $381.33 and a 1-year high of $533.29. The business’s fifty day moving average is $512.45 and its 200-day moving average is $473.62. The company has a current ratio of 0.94, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $3.21 EPS. On average, research analysts forecast that S&P Global Inc. will post 15.16 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Insider Transactions at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. BMO Capital Markets reduced their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Royal Bank of Canada raised their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.