Adero Partners LLC Buys 26 Shares of S&P Global Inc. (NYSE:SPGI)

Adero Partners LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 545 shares of the business services provider’s stock after buying an additional 26 shares during the quarter. Adero Partners LLC’s holdings in S&P Global were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Dupont Capital Management Corp grew its stake in shares of S&P Global by 27.1% in the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after purchasing an additional 6,025 shares during the last quarter. Covestor Ltd grew its stake in shares of S&P Global by 21.4% in the first quarter. Covestor Ltd now owns 487 shares of the business services provider’s stock worth $208,000 after purchasing an additional 86 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of S&P Global by 21.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after purchasing an additional 6,162 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of S&P Global by 160.1% in the first quarter. UniSuper Management Pty Ltd now owns 6,659 shares of the business services provider’s stock worth $2,833,000 after purchasing an additional 4,099 shares during the last quarter. Finally, Point Break Capital Management LLC grew its stake in shares of S&P Global by 74.9% in the first quarter. Point Break Capital Management LLC now owns 2,694 shares of the business services provider’s stock worth $1,146,000 after purchasing an additional 1,154 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $503.29 on Monday. 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 $401.79 and a 1-year high of $533.29. The firm has a market capitalization of $156.17 billion, a P/E ratio of 44.42, a P/E/G ratio of 2.57 and a beta of 1.18. The firm’s 50-day moving average price is $510.47 and its 200-day moving average price is $479.62.

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 net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Equities research 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SPGI shares. Oppenheimer boosted their price objective on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets dropped their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. UBS Group boosted their target price 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. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

About S&P Global

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.