Dixon Mitchell Investment Counsel Inc. Acquires 1,053 Shares of S&P Global Inc. (NYSE:SPGI)

Dixon Mitchell Investment Counsel Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 6.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,215 shares of the business services provider’s stock after purchasing an additional 1,053 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in S&P Global were worth $8,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Moss Adams Wealth Advisors LLC lifted its holdings in S&P Global by 59.1% during the third quarter. Moss Adams Wealth Advisors LLC now owns 818 shares of the business services provider’s stock worth $423,000 after buying an additional 304 shares during the period. Net Worth Advisory Group bought a new position in shares of S&P Global in the 3rd quarter worth $303,000. Stratos Wealth Advisors LLC raised its position in shares of S&P Global by 23.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 610 shares of the business services provider’s stock worth $315,000 after acquiring an additional 115 shares in the last quarter. Aspiriant LLC purchased a new stake in shares of S&P Global during the 3rd quarter worth $204,000. Finally, Trust Point Inc. boosted its position in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPGI. Stifel Nicolaus boosted their target price on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Barclays increased their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $565.17.

Insider Buying and Selling at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Stock Up 1.1 %

Shares of SPGI stock opened at $524.80 on Friday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $533.29. The firm has a market capitalization of $164.21 billion, a PE ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $512.21 and its 200-day simple moving average is $467.89.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the company earned $3.12 EPS. S&P Global’s quarterly revenue was up 14.4% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Dividend Announcement

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 given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.69%. S&P Global’s dividend payout ratio is presently 40.81%.

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.