Investment Partners LTD. Makes New $583,000 Investment in S&P Global Inc. $SPGI

Investment Partners LTD. purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the third quarter, HoldingsChannel reports. The fund purchased 1,478 shares of the business services provider’s stock, valued at approximately $583,000.

Other large investors have also added to or reduced their stakes in the company. Cidel Asset Management Inc. increased its holdings in S&P Global by 13.1% in the 3rd quarter. Cidel Asset Management Inc. now owns 1,444 shares of the business services provider’s stock worth $570,000 after buying an additional 167 shares during the period. Blue Fin Capital Inc. lifted its stake in S&P Global by 0.6% during the 3rd quarter. Blue Fin Capital Inc. now owns 5,901 shares of the business services provider’s stock valued at $2,328,000 after acquiring an additional 35 shares during the period. Global Assets Advisory LLC lifted its stake in S&P Global by 11.2% during the 3rd quarter. Global Assets Advisory LLC now owns 558 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 56 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of S&P Global by 9.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,982 shares of the business services provider’s stock valued at $782,000 after acquiring an additional 164 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its holdings in shares of S&P Global by 38.3% in the 3rd quarter. Modera Wealth Management LLC now owns 1,090 shares of the business services provider’s stock valued at $430,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.0%

SPGI opened at $466.46 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.74. The company’s 50 day simple moving average is $421.62 and its two-hundred day simple moving average is $431.64. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The firm has a market capitalization of $135.23 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.09.

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

S&P Global Announces Dividend

The business also recently announced 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. This represents a $3.88 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 25th. S&P Global’s dividend payout ratio is presently 23.14%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price objective on S&P Global from $525.00 to $545.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Evercore reiterated an “outperform” rating on shares of S&P Global in a report on Wednesday. UBS Group cut their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $510.00 target price on shares of S&P Global in a report on Wednesday, August 26th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $522.24.

S&P Global Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.