441 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY bought a new stake in S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 441 shares of the business services provider’s stock, valued at approximately $228,000.

Several other hedge funds also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in shares of S&P Global in the 2nd quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global in the third quarter worth approximately $27,000. Sachetta LLC increased its stake in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services bought a new position in shares of S&P Global during the 3rd quarter valued at $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.1 %

Shares of NYSE SPGI opened at $522.51 on Monday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The business has a fifty day moving average of $509.21 and a two-hundred day moving average of $485.71. The stock has a market cap of $162.13 billion, a PE ratio of 46.12, a PEG ratio of 2.67 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $3.21 EPS. 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 $0.91 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Barclays raised their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley upped their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird raised their price objective 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus 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.