S&P Global Inc. (NYSE:SPGI) Stock Holdings Increased by Archer Investment Corp

Archer Investment Corp grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 21.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127 shares of the business services provider’s stock after buying an additional 22 shares during the period. Archer Investment Corp’s holdings in S&P Global were worth $66,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPGI. Empowered Funds LLC lifted its position in shares of S&P Global by 6.7% in the 3rd quarter. Empowered Funds LLC now owns 6,027 shares of the business services provider’s stock worth $3,114,000 after buying an additional 377 shares during the last quarter. Empirical Finance LLC raised its stake in S&P Global by 2.6% during the third quarter. Empirical Finance LLC now owns 10,417 shares of the business services provider’s stock worth $5,382,000 after acquiring an additional 263 shares during the period. CIBC Asset Management Inc lifted its holdings in S&P Global by 1.0% in the third quarter. CIBC Asset Management Inc now owns 56,626 shares of the business services provider’s stock worth $29,254,000 after acquiring an additional 533 shares during the last quarter. Balboa Wealth Partners lifted its holdings in S&P Global by 1.7% in the third quarter. Balboa Wealth Partners now owns 1,456 shares of the business services provider’s stock worth $752,000 after acquiring an additional 24 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in S&P Global by 2.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,965 shares of the business services provider’s stock valued at $4,631,000 after acquiring an additional 214 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $503.29 on Friday. S&P Global Inc. has a 1 year low of $401.79 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average price of $510.47 and a two-hundred day moving average price of $478.74. The firm has a market cap of $156.17 billion, a P/E ratio of 44.42, a PEG ratio of 2.61 and a beta of 1.18.

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, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the business posted $3.21 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts forecast that S&P Global Inc. will post 15.25 EPS 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. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. Royal Bank of Canada raised 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. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.