Maxwell Wealth Strategies Inc. Purchases 934 Shares of S&P Global Inc. (NYSE:SPGI)

Maxwell Wealth Strategies Inc. lifted its position in S&P Global Inc. (NYSE:SPGI) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,244 shares of the business services provider’s stock after buying an additional 934 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in S&P Global were worth $2,078,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SPGI. Natixis Advisors LLC increased its stake in S&P Global by 10.2% during the 3rd quarter. Natixis Advisors LLC now owns 220,914 shares of the business services provider’s stock worth $114,129,000 after purchasing an additional 20,422 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of S&P Global by 154.6% in the third quarter. Mizuho Securities USA LLC now owns 62,834 shares of the business services provider’s stock valued at $32,461,000 after buying an additional 38,152 shares during the period. KCM Investment Advisors LLC increased its position in shares of S&P Global by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 13,091 shares of the business services provider’s stock worth $6,763,000 after acquiring an additional 184 shares in the last quarter. Archer Investment Corp raised its holdings in shares of S&P Global by 21.0% during the third quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock worth $66,000 after acquiring an additional 22 shares during the period. Finally, Empowered Funds LLC lifted its position in S&P Global by 6.7% in the 3rd quarter. Empowered Funds LLC now owns 6,027 shares of the business services provider’s stock valued at $3,114,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Morgan Stanley increased their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Barclays upped their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Oppenheimer lifted their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 1.4 %

S&P Global stock opened at $503.29 on Friday. 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 market capitalization of $156.17 billion, a PE ratio of 44.42, a P/E/G ratio of 2.61 and a beta of 1.18. The company’s 50-day moving average is $510.47 and its 200-day moving average is $478.74. 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 (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.43 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global Announces Dividend

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

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.