West Family Investments Inc. Has $597,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

West Family Investments Inc. increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 11.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,156 shares of the business services provider’s stock after buying an additional 116 shares during the period. West Family Investments Inc.’s holdings in S&P Global were worth $597,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SPGI. HWG Holdings LP bought a new stake in S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global during the 3rd quarter worth approximately $27,000. Sachetta LLC increased its stake in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services bought a new stake in S&P Global during the 3rd quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in S&P Global during the 2nd quarter worth approximately $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. BMO Capital Markets decreased their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Down 0.1 %

SPGI stock opened at $503.00 on Tuesday. S&P Global Inc. has a fifty-two week low of $407.53 and a fifty-two week high of $533.29. The stock has a fifty day moving average of $510.21 and a 200-day moving average of $480.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $156.08 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

About S&P Global

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.