Snider Financial Group Purchases 1,292 Shares of S&P Global Inc. (NYSE:SPGI)

Snider Financial Group raised its position in S&P Global Inc. (NYSE:SPGI) by 34.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,017 shares of the business services provider’s stock after acquiring an additional 1,292 shares during the quarter. Snider Financial Group’s holdings in S&P Global were worth $2,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HWG Holdings LP purchased a new position in S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the third quarter valued at about $27,000. Sachetta LLC boosted its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global during the second quarter worth about $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on SPGI. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Barclays raised 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. Finally, Morgan Stanley boosted their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Up 0.5 %

Shares of NYSE:SPGI opened at $512.80 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $401.58 and a 12-month high of $533.29. The business has a 50 day moving average of $510.74 and a two-hundred day moving average of $477.90. The company has a market capitalization of $159.12 billion, a PE ratio of 45.04, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the business posted $3.21 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

S&P Global Company 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.