S&P Global Inc. (NYSE:SPGI) Shares Sold by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 701 shares of the business services provider’s stock after selling 22 shares during the quarter. Endowment Wealth Management Inc.’s holdings in S&P Global were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. HWG Holdings LP acquired a new position in shares of S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $27,000. Sachetta LLC lifted its position in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services purchased a new position in S&P Global in the 3rd quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in S&P Global in the second quarter valued at approximately $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI stock opened at $510.29 on Thursday. The stock’s 50 day simple moving average is $510.74 and its 200 day simple moving average is $477.90. S&P Global Inc. has a 12-month low of $398.73 and a 12-month high of $533.29. The firm has a market cap of $158.34 billion, a P/E ratio of 45.04, a P/E/G ratio of 2.57 and a beta of 1.18. 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 (NYSE:SPGI) last issued 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 analysts’ expectations of $3.43 billion. During the same period in the prior year, the company earned $3.21 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts predict 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. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. S&P Global’s payout ratio is currently 32.13%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SPGI shares. UBS Group boosted 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. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Oppenheimer raised their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Barclays increased 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 investment 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 company currently has an average rating of “Moderate Buy” and an average 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.