United Advisor Group LLC Purchases Shares of 396 S&P Global Inc. (NYSE:SPGI)

United Advisor Group LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 396 shares of the business services provider’s stock, valued at approximately $205,000.

Several other large investors have also added to or reduced their stakes in the business. Dupont Capital Management Corp grew its stake in shares of S&P Global by 27.1% during the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after acquiring an additional 6,025 shares during the period. Norden Group LLC purchased a new position in S&P Global during the first quarter worth about $377,000. Manchester Capital Management LLC raised its holdings in shares of S&P Global by 10.2% in the 1st quarter. Manchester Capital Management LLC now owns 681 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 63 shares in the last quarter. Advisory Services Network LLC increased its position in shares of S&P Global by 3.2% in the first quarter. Advisory Services Network LLC now owns 10,223 shares of the business services provider’s stock worth $4,350,000 after purchasing an additional 316 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of S&P Global during the 1st quarter valued at $733,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SPGI shares. BMO Capital Markets dropped their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Bank of America increased their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Down 0.0 %

NYSE SPGI opened at $489.53 on Thursday. The company has a fifty day simple moving average of $511.49 and a two-hundred day simple moving average of $474.78. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $151.90 billion, a P/E ratio of 43.21, a P/E/G ratio of 2.50 and a beta of 1.18. S&P Global Inc. has a 12-month low of $382.12 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS 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 business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the company earned $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post 15.16 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. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

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.