Prime Capital Investment Advisors LLC Sells 43 Shares of S&P Global Inc. (NYSE:SPGI)

Prime Capital Investment Advisors LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,117 shares of the business services provider’s stock after selling 43 shares during the period. Prime Capital Investment Advisors LLC’s holdings in S&P Global were worth $3,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Savvy Advisors Inc. acquired a new stake in shares of S&P Global during the 3rd quarter valued at about $285,000. Verus Capital Partners LLC bought a new position in S&P Global during the third quarter worth about $221,000. Platform Technology Partners lifted its position in shares of S&P Global by 0.8% during the 3rd quarter. Platform Technology Partners now owns 3,448 shares of the business services provider’s stock worth $1,781,000 after buying an additional 26 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in S&P Global by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 727,551 shares of the business services provider’s stock valued at $375,867,000 after acquiring an additional 5,285 shares during the period. Finally, WealthPlan Investment Management LLC raised its stake in S&P Global by 66.9% during the third quarter. WealthPlan Investment Management LLC now owns 8,959 shares of the business services provider’s stock worth $4,629,000 after acquiring an additional 3,592 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $510.29 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $398.73 and a 12 month high of $533.29. The firm has a market cap of $158.34 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 2.57 and a beta of 1.18. The stock has a 50-day moving average price of $510.80 and a 200 day moving average price of $477.67.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the business posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. Research analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid 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%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SPGI shares. Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of 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. Oppenheimer raised their price objective 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. Morgan Stanley boosted 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. Finally, UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

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.