Biltmore Family Office LLC Purchases 45 Shares of S&P Global Inc. (NYSE:SPGI)

Biltmore Family Office LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 737 shares of the business services provider’s stock after purchasing an additional 45 shares during the period. Biltmore Family Office LLC’s holdings in S&P Global were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Dupont Capital Management Corp lifted its position in shares of S&P Global by 27.1% in the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock valued at $12,019,000 after buying an additional 6,025 shares during the last quarter. CreativeOne Wealth LLC raised its stake in S&P Global by 101.2% in the 1st quarter. CreativeOne Wealth LLC now owns 1,620 shares of the business services provider’s stock worth $690,000 after purchasing an additional 815 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of S&P Global by 64.2% in the first quarter. Axxcess Wealth Management LLC now owns 2,058 shares of the business services provider’s stock valued at $876,000 after buying an additional 805 shares during the period. Quadrature Capital Ltd bought a new position in S&P Global during the 1st quarter worth $2,236,000. Finally, 1832 Asset Management L.P. raised its holdings in S&P Global by 4.4% in the 1st quarter. 1832 Asset Management L.P. now owns 81,358 shares of the business services provider’s stock valued at $34,614,000 after acquiring an additional 3,400 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of a number of analyst reports. UBS Group boosted their price target 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. Oppenheimer upped their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Morgan Stanley upped their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

Shares of SPGI opened at $512.26 on Friday. 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 stock has a market cap of $158.96 billion, a PE ratio of 45.21, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The business has a 50-day simple moving average of $509.45 and a two-hundred day simple moving average of $481.15.

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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm posted $3.21 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 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.