1,745 S&P Global Inc. $SPGI Shares Bought by Leelyn Smith LLC

Leelyn Smith LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,038 shares of the business services provider’s stock after purchasing an additional 1,745 shares during the period. Leelyn Smith LLC’s holdings in S&P Global were worth $4,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in S&P Global by 27,133.1% during the third quarter. International Assets Investment Management LLC now owns 250,000 shares of the business services provider’s stock worth $98,618,000 after purchasing an additional 249,082 shares during the period. Richardson Financial Services Inc. increased its holdings in shares of S&P Global by 225.8% during the 3rd quarter. Richardson Financial Services Inc. now owns 101 shares of the business services provider’s stock worth $40,000 after acquiring an additional 70 shares during the last quarter. Ascent Group LLC increased its holdings in shares of S&P Global by 35.8% during the 3rd quarter. Ascent Group LLC now owns 5,506 shares of the business services provider’s stock worth $2,172,000 after acquiring an additional 1,453 shares during the last quarter. 3Chopt Investment Partners LLC raised its stake in S&P Global by 8.6% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 884 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 70 shares during the period. Finally, Compass Financial Management LLC raised its stake in S&P Global by 31.5% in the 3rd quarter. Compass Financial Management LLC now owns 192 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 46 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SPGI shares. Zacks Research raised S&P Global from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $510.00 price objective on shares of S&P Global in a report on Wednesday, August 26th. Mizuho dropped their price objective on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Jefferies Financial Group restated a “buy” rating and set a $490.00 target price on shares of S&P Global in a research note on Friday, October 16th. Finally, Citigroup lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $523.35.

S&P Global Price Performance

Shares of NYSE SPGI opened at $468.02 on Friday. The firm has a market cap of $135.68 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The business’s 50 day moving average is $425.44 and its 200-day moving average is $429.97. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.15. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.73 EPS. Equities research analysts predict that S&P Global Inc. will post 17.89 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. S&P Global’s payout ratio is currently 23.14%.

S&P Global Profile

S&P Global Inc provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights.

The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.