S&P Global Inc. (NYSE:SPGI) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,598 shares of the business services provider’s stock after acquiring an additional 3,093 shares during the period. Sanctuary Advisors LLC’s holdings in S&P Global were worth $14,198,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Gradient Investments LLC boosted its stake in shares of S&P Global by 1,538.5% during the 2nd quarter. Gradient Investments LLC now owns 213 shares of the business services provider’s stock worth $95,000 after acquiring an additional 200 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in S&P Global by 3.0% in the second quarter. Chesley Taft & Associates LLC now owns 11,574 shares of the business services provider’s stock valued at $5,162,000 after purchasing an additional 339 shares during the last quarter. Riverwater Partners LLC increased its holdings in S&P Global by 13.2% during the 2nd quarter. Riverwater Partners LLC now owns 935 shares of the business services provider’s stock valued at $417,000 after acquiring an additional 109 shares in the last quarter. Western Wealth Management LLC raised its position in S&P Global by 21.0% during the second quarter. Western Wealth Management LLC now owns 3,725 shares of the business services provider’s stock worth $1,661,000 after acquiring an additional 647 shares during the last quarter. Finally, RBA Wealth Management LLC lifted its holdings in shares of S&P Global by 2.9% in the second quarter. RBA Wealth Management LLC now owns 10,434 shares of the business services provider’s stock valued at $4,654,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of 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 raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets reduced their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Finally, Stifel Nicolaus raised their price target 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. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $573.23.

S&P Global Stock Down 1.4 %

SPGI opened at $505.57 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The firm has a 50 day moving average price of $509.28 and a 200 day moving average price of $490.35. 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 company has a market cap of $156.88 billion, a PE ratio of 44.62, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its quarterly 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 firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 EPS. Sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 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.