443 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Blue Investment Partners LLC

Blue Investment Partners LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 443 shares of the business services provider’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares in the last quarter. GDS Wealth Management boosted its position in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in S&P Global by 4.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after purchasing an additional 1,405 shares during the last quarter. BDF Gestion purchased a new position in shares of S&P Global in the second quarter valued at $4,419,000. Finally, Blue Trust Inc. raised its stake in shares of S&P Global by 140.7% during the 2nd quarter. Blue Trust Inc. now owns 3,800 shares of the business services provider’s stock worth $1,617,000 after buying an additional 2,221 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. Oppenheimer lifted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective 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. Evercore ISI initiated 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 for the company. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Performance

NYSE:SPGI opened at $520.34 on Tuesday. The firm’s fifty day simple moving average is $509.21 and its 200 day simple moving average is $483.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market capitalization of $161.46 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 2.63 and a beta of 1.18.

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 analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.21 earnings per share. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

S&P Global Company 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.