Blake Schutter Theil Wealth Advisors LLC Acquires Shares of 411 S&P Global Inc. (NYSE:SPGI)

Blake Schutter Theil Wealth Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 411 shares of the business services provider’s stock, valued at approximately $212,000.

Other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp lifted its holdings in S&P Global by 27.1% during the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after acquiring an additional 6,025 shares during the period. Norden Group LLC purchased a new position in shares of S&P Global in the 1st quarter worth about $377,000. Duality Advisers LP purchased a new position in shares of S&P Global in the 1st quarter worth about $733,000. Envestnet Portfolio Solutions Inc. increased its holdings in S&P Global by 4.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,609 shares of the business services provider’s stock worth $12,172,000 after buying an additional 1,294 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in S&P Global by 51.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,950 shares of the business services provider’s stock worth $1,255,000 after acquiring an additional 997 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.5 %

Shares of NYSE:SPGI opened at $497.10 on Friday. The firm has a fifty day moving average price of $511.49 and a two-hundred day moving average price of $474.78. The company has a market cap of $154.25 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 2.50 and a beta of 1.18. 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 one year low of $382.12 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping 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 business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the business earned $3.21 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared 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 0.73%. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, 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. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $571.31.

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.