S&P Global Inc. (NYSE:SPGI) Stake Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,291 shares of the business services provider’s stock after purchasing an additional 235 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in S&P Global were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its stake in S&P Global by 0.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 65,167 shares of the business services provider’s stock valued at $33,667,000 after buying an additional 222 shares during the period. Pinnacle Financial Partners Inc increased its stake in shares of S&P Global by 3.9% during the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after acquiring an additional 1,806 shares during the period. Souders Financial Advisors raised its holdings in S&P Global by 2.7% during the third quarter. Souders Financial Advisors now owns 3,689 shares of the business services provider’s stock worth $1,906,000 after purchasing an additional 96 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in S&P Global by 14.7% in the third quarter. Aptus Capital Advisors LLC now owns 3,221 shares of the business services provider’s stock worth $1,664,000 after purchasing an additional 412 shares during the period. Finally, Savvy Advisors Inc. bought a new position in S&P Global during the 3rd quarter valued at $285,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $503.29 on Friday. The company has a market cap of $156.17 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The company’s fifty day moving average is $510.47 and its two-hundred day moving average is $478.74. 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 $401.79 and a 12-month high of $533.29.

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 (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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the business earned $3.21 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current fiscal 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 given a dividend of $0.91 per share. 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 payout ratio is presently 32.13%.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Wells Fargo & Company upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.