GenTrust LLC Purchases Shares of 531 S&P Global Inc. (NYSE:SPGI)

GenTrust LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 531 shares of the business services provider’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP purchased a new stake in shares of S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter valued at approximately $27,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global during the second quarter valued at approximately $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SPGI shares. BMO Capital Markets dropped their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barclays lifted 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. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Up 0.6 %

SPGI stock opened at $514.46 on Friday. 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 1-year low of $407.69 and a 1-year high of $533.29. The firm has a fifty day moving average price of $509.35 and a two-hundred day moving average price of $482.13. The firm has a market cap of $159.64 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 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 the consensus estimate of $3.43 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The company 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. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) 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.