CWA Asset Management Group LLC Acquires New Holdings in S&P Global Inc. (NYSE:SPGI)

CWA Asset Management Group LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,188 shares of the business services provider’s stock, valued at approximately $1,130,000.

A number of other institutional investors have also made changes to their positions in SPGI. Dupont Capital Management Corp lifted its stake in S&P Global by 27.1% during the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after acquiring an additional 6,025 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of S&P Global by 43.5% during the first quarter. Atomi Financial Group Inc. now owns 802 shares of the business services provider’s stock worth $341,000 after acquiring an additional 243 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of S&P Global by 15.3% in the 1st quarter. Meeder Asset Management Inc. now owns 580 shares of the business services provider’s stock valued at $247,000 after buying an additional 77 shares during the period. Williams Jones Wealth Management LLC. grew its position in shares of S&P Global by 1.1% during the first quarter. Williams Jones Wealth Management LLC. now owns 7,469 shares of the business services provider’s stock worth $3,178,000 after buying an additional 83 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in S&P Global by 3.4% in the first quarter. QRG Capital Management Inc. now owns 18,993 shares of the business services provider’s stock valued at $8,080,000 after acquiring an additional 616 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 1.2 %

SPGI stock opened at $502.82 on Monday. S&P Global Inc. has a 12 month low of $385.38 and a 12 month high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $156.03 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a fifty day moving average price of $511.07 and a 200 day moving average price of $475.97.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate 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 net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.21 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

Analyst Ratings Changes

A number of equities 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 company an “outperform” rating in a report on Thursday, October 3rd. Royal Bank of Canada lifted their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Robert W. Baird increased their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Profile

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.