S&P Global Inc. $SPGI Position Boosted by Independent Advisor Alliance

Independent Advisor Alliance boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 12.9% during the 3rd quarter, Holdings Channel reports. The fund owned 13,364 shares of the business services provider’s stock after acquiring an additional 1,530 shares during the quarter. Independent Advisor Alliance’s holdings in S&P Global were worth $6,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of S&P Global during the second quarter valued at about $2,188,945,000. Valeo Financial Advisors LLC increased its stake in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after buying an additional 3,163,938 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of S&P Global by 3,430.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after buying an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. lifted its stake in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the period. Finally, Mizuho Markets Americas LLC lifted its stake in shares of S&P Global by 104,031.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after acquiring an additional 595,059 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI opened at $527.23 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $159.65 billion, a PE ratio of 38.34, a P/E/G ratio of 2.25 and a beta of 1.21. The business has a fifty day simple moving average of $518.60 and a 200-day simple moving average of $517.37. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.26 by $0.47. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.89 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is currently 27.93%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SPGI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Stifel Nicolaus lowered their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $615.64.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.