Napa Wealth Management Invests $1.10 Million in S&P Global Inc. (NYSE:SPGI)

Napa Wealth Management bought a new stake in S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,131 shares of the business services provider’s stock, valued at approximately $1,101,000.

Several other hedge funds also recently modified their holdings of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of S&P Global during the 1st quarter worth $2,236,000. O Shaughnessy Asset Management LLC boosted its stake in 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 valued at $14,756,000 after acquiring an additional 6,162 shares during the last quarter. GDS Wealth Management lifted its stake in S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of S&P Global by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after buying an additional 1,405 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPGI. Morgan Stanley lifted their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer increased their target price 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. JPMorgan Chase & Co. decreased their price target 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. Royal Bank of Canada boosted their target price 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. Finally, Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Two 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Trading Down 1.4 %

Shares of SPGI opened at $503.29 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29. The firm has a 50 day moving average price of $510.47 and a 200-day moving average price of $479.62. The firm has a market cap of $156.17 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

S&P Global Company 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.