S&P Global Inc. (NYSE:SPGI) Holdings Boosted by Platform Technology Partners

Platform Technology Partners grew its holdings in S&P Global Inc. (NYSE:SPGI) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,448 shares of the business services provider’s stock after purchasing an additional 26 shares during the period. Platform Technology Partners’ holdings in S&P Global were worth $1,781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. HWG Holdings LP purchased a new position in S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at $27,000. Sachetta LLC increased its stake in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. First Personal Financial Services acquired a new position in shares of S&P Global in the third quarter worth $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global in the second quarter worth $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.9 %

SPGI stock opened at $507.34 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 52-week low of $392.69 and a 52-week high of $533.29. The company has a 50-day moving average of $510.95 and a two-hundred day moving average of $477.05. The stock has a market capitalization of $157.43 billion, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the company earned $3.21 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is presently 32.13%.

Analysts Set New Price Targets

SPGI has been the topic of a number of research reports. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Barclays upped their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.