Fifth Third Wealth Advisors LLC Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

Fifth Third Wealth Advisors LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,967 shares of the business services provider’s stock after purchasing an additional 100 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in S&P Global were worth $2,050,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SPGI. Capital International Investors increased its holdings in shares of S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after acquiring an additional 291,712 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after buying an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares during the period. Clearbridge Investments LLC raised its stake in S&P Global by 1.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after acquiring an additional 20,624 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in S&P Global by 4.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,396,304 shares of the business services provider’s stock valued at $622,752,000 after purchasing an additional 57,159 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.1 %

Shares of NYSE:SPGI opened at $502.31 on Wednesday. S&P Global Inc. has a 52-week low of $407.53 and a 52-week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $509.86 and a two-hundred day moving average of $480.77. The stock has a market cap of $155.87 billion, a P/E ratio of 44.33, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its earnings results 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 company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the firm earned $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on SPGI. 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 report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets reduced their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Company 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.