Blue Investment Partners LLC Purchases New Stake in S&P Global Inc. (NYSE:SPGI)

Blue Investment Partners LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the third quarter, Holdings Channel reports. The institutional investor bought 443 shares of the business services provider’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. HWG Holdings LP bought a new position in S&P Global in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the 3rd quarter worth approximately $27,000. Sachetta LLC boosted its holdings in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services acquired a new position in shares of S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.1 %

NYSE SPGI opened at $520.34 on Tuesday. The firm’s fifty day simple moving average is $509.21 and its 200-day simple moving average is $483.13. 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 1-year low of $407.69 and a 1-year high of $533.29. The company has a market capitalization of $161.46 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.63 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, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Oppenheimer upped their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.