BSW Wealth Partners Buys 218 Shares of S&P Global Inc. (NYSE:SPGI)

BSW Wealth Partners raised its position in S&P Global Inc. (NYSE:SPGI) by 19.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,332 shares of the business services provider’s stock after buying an additional 218 shares during the period. BSW Wealth Partners’ holdings in S&P Global were worth $688,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. HWG Holdings LP acquired a new stake in S&P Global in the second quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the 3rd quarter valued at about $27,000. Sachetta LLC grew its position 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 buying an additional 30 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global during the second quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Bank of America upped their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Oppenheimer increased their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Up 0.6 %

SPGI stock traded up $2.95 during trading hours on Friday, reaching $483.31. 940,345 shares of the stock were exchanged, compared to its average volume of 1,090,041. The firm’s 50-day moving average is $512.45 and its 200-day moving average is $473.19. S&P Global Inc. has a 12 month low of $365.00 and a 12 month high of $533.29. The company has a market cap of $149.97 billion, a price-to-earnings ratio of 42.66, a PEG ratio of 2.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.21 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 15.16 earnings per share 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. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

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.