CreativeOne Wealth LLC Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

CreativeOne Wealth LLC grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 53.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,410 shares of the business services provider’s stock after purchasing an additional 490 shares during the period. CreativeOne Wealth LLC’s holdings in S&P Global were worth $729,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in S&P Global by 25.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 266,952 shares of the business services provider’s stock worth $137,913,000 after buying an additional 53,900 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of S&P Global by 9.9% during the third quarter. Townsquare Capital LLC now owns 16,789 shares of the business services provider’s stock worth $8,674,000 after purchasing an additional 1,518 shares in the last quarter. Baldwin Investment Management LLC increased its position in shares of S&P Global by 0.3% in the third quarter. Baldwin Investment Management LLC now owns 9,596 shares of the business services provider’s stock worth $4,958,000 after purchasing an additional 31 shares during the last quarter. Lazard Freres Gestion S.A.S. lifted its position in S&P Global by 8.2% during the third quarter. Lazard Freres Gestion S.A.S. now owns 3,305 shares of the business services provider’s stock valued at $1,707,000 after purchasing an additional 250 shares during the last quarter. Finally, Avestar Capital LLC lifted its position in S&P Global by 7.9% during the third quarter. Avestar Capital LLC now owns 1,944 shares of the business services provider’s stock valued at $1,004,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SPGI shares. Wells Fargo & Company raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer lifted their price target on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird boosted 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. Finally, Barclays increased their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Down 0.1 %

Shares of SPGI opened at $522.51 on Friday. The stock has a market capitalization of $162.13 billion, a P/E ratio of 46.12, a PEG ratio of 2.67 and a beta of 1.18. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $509.21 and a two-hundred day simple moving average of $485.36.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued 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 0.70%. S&P Global’s dividend payout ratio is presently 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.