S&P Global Inc. (NYSE:SPGI) Stock Holdings Boosted by Baldwin Investment Management LLC

Baldwin Investment Management LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,596 shares of the business services provider’s stock after purchasing an additional 31 shares during the quarter. S&P Global comprises 0.6% of Baldwin Investment Management LLC’s holdings, making the stock its 20th biggest position. Baldwin Investment Management LLC’s holdings in S&P Global were worth $4,958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Dupont Capital Management Corp raised its stake in shares of S&P Global by 27.1% during the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock valued at $12,019,000 after purchasing an additional 6,025 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of S&P Global by 31.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 10,713 shares of the business services provider’s stock worth $4,558,000 after acquiring an additional 2,567 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of S&P Global by 6.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,623 shares of the business services provider’s stock valued at $1,967,000 after acquiring an additional 264 shares in the last quarter. Tidal Investments LLC lifted its position in S&P Global by 2.3% in the first quarter. Tidal Investments LLC now owns 14,534 shares of the business services provider’s stock worth $6,178,000 after purchasing an additional 329 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in S&P Global by 4,922.4% during the 1st quarter. Plato Investment Management Ltd now owns 4,269 shares of the business services provider’s stock valued at $1,816,000 after purchasing an additional 4,184 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer upped their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Barclays raised their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Up 0.3 %

SPGI stock opened at $521.96 on Wednesday. The company has a 50 day moving average of $509.20 and a two-hundred day moving average of $483.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a market cap of $161.96 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 2.66 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued 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 company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.21 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 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.