CreativeOne Wealth LLC Purchases 490 Shares of S&P Global Inc. (NYSE:SPGI)

CreativeOne Wealth LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 53.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,410 shares of the business services provider’s stock after acquiring an additional 490 shares during the period. CreativeOne Wealth LLC’s holdings in S&P Global were worth $729,000 as of its most recent SEC filing.

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

S&P Global Stock Down 0.1 %

S&P Global stock opened at $522.51 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The stock has a fifty day moving average of $509.21 and a 200 day moving average of $485.36. 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 stock has a market cap of $162.13 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during 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 business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.21 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm 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 of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Barclays lifted their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. UBS Group increased their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.