S&P Global Inc. $SPGI Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 447,352 shares of the business services provider’s stock after acquiring an additional 20,850 shares during the period. ProShare Advisors LLC’s holdings in S&P Global were worth $176,467,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vise Technologies Inc. boosted its position in S&P Global by 38.5% during the 3rd quarter. Vise Technologies Inc. now owns 12,871 shares of the business services provider’s stock valued at $5,077,000 after acquiring an additional 3,578 shares in the last quarter. Investment Partners LTD. acquired a new stake in shares of S&P Global during the third quarter valued at about $583,000. Cidel Asset Management Inc. raised its position in S&P Global by 13.1% in the 3rd quarter. Cidel Asset Management Inc. now owns 1,444 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 167 shares in the last quarter. Blue Fin Capital Inc. boosted its position in shares of S&P Global by 0.6% in the 3rd quarter. Blue Fin Capital Inc. now owns 5,901 shares of the business services provider’s stock valued at $2,328,000 after purchasing an additional 35 shares during the period. Finally, Global Assets Advisory LLC boosted its holdings in S&P Global by 11.2% in the 3rd quarter. Global Assets Advisory LLC now owns 558 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. Bank of America cut their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Evercore reiterated an “outperform” rating on shares of S&P Global in a research note on Wednesday. Barclays reduced their target price on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. BMO Capital Markets reduced their target price on S&P Global from $505.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, September 5th. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $522.24.

S&P Global Trading Up 1.3%

S&P Global stock opened at $466.46 on Friday. The stock has a market cap of $135.23 billion, a P/E ratio of 27.82, a PEG ratio of 2.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.95. The firm’s 50 day moving average price is $421.62 and its 200-day moving average price is $431.64. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.15. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.64 billion. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. S&P Global’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $4.73 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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