Prime Capital Investment Advisors LLC Sells 43 Shares of S&P Global Inc. (NYSE:SPGI)

Prime Capital Investment Advisors LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,117 shares of the business services provider’s stock after selling 43 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in S&P Global were worth $3,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Swedbank AB bought a new stake in S&P Global during the 1st quarter worth approximately $351,774,000. International Assets Investment Management LLC lifted its position in S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after purchasing an additional 360,909 shares during the period. Third Point LLC acquired a new position in S&P Global in the 1st quarter worth $142,526,000. Finally, Ameriprise Financial Inc. increased its holdings in S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Royal Bank of Canada upped their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. reduced 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 report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

Shares of NYSE SPGI opened at $510.29 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $510.80 and its two-hundred day moving average price is $477.67. The company has a market cap of $158.34 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a twelve month low of $398.73 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last posted its earnings results 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the firm earned $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid 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 is presently 32.13%.

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.