International Assets Investment Management LLC Buys 249,082 Shares of S&P Global Inc. $SPGI

International Assets Investment Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 27,133.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the business services provider’s stock after buying an additional 249,082 shares during the period. S&P Global makes up about 0.7% of International Assets Investment Management LLC’s holdings, making the stock its 23rd biggest holding. International Assets Investment Management LLC’s holdings in S&P Global were worth $98,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Partners Wealth Management LLC increased its stake in S&P Global by 65.5% in the third quarter. Partners Wealth Management LLC now owns 902 shares of the business services provider’s stock valued at $356,000 after acquiring an additional 357 shares during the last quarter. Soltis Investment Advisors LLC lifted its stake in S&P Global by 9.7% during the third quarter. Soltis Investment Advisors LLC now owns 1,420 shares of the business services provider’s stock worth $560,000 after purchasing an additional 126 shares during the last quarter. Crew Capital Management Ltd lifted its stake in S&P Global by 9.6% during the third quarter. Crew Capital Management Ltd now owns 2,617 shares of the business services provider’s stock worth $1,032,000 after purchasing an additional 230 shares during the last quarter. United Asset Strategies Inc. lifted its stake in S&P Global by 1.1% during the third quarter. United Asset Strategies Inc. now owns 31,244 shares of the business services provider’s stock worth $12,325,000 after purchasing an additional 354 shares during the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC lifted its stake in S&P Global by 15.2% during the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 728 shares of the business services provider’s stock worth $287,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Morgan Stanley raised their price objective on S&P Global from $477.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Friday, October 2nd. JPMorgan Chase & Co. boosted their target price on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, UBS Group cut their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $522.24.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $466.46 on Friday. The stock has a market cap of $135.23 billion, a PE ratio of 27.82, a PEG ratio of 2.18 and a beta of 1.09. The company’s fifty day moving average is $421.62 and its 200 day moving average is $431.64. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The company has a quick ratio of 0.95, a current ratio of 0.74 and a debt-to-equity ratio of 0.54.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.15. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $4.73 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts anticipate that S&P Global Inc. will post 17.87 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is currently 23.14%.

S&P Global Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.