Lmcg Investments LLC Purchases 2,130 Shares of S&P Global Inc. (NYSE:SPGI)

Lmcg Investments LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 10.7% during the third quarter, HoldingsChannel reports. The firm owned 22,045 shares of the business services provider’s stock after purchasing an additional 2,130 shares during the period. Lmcg Investments LLC’s holdings in S&P Global were worth $11,389,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. HWG Holdings LP acquired a new position in S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter worth $27,000. Sachetta LLC boosted its stake in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in S&P Global during the 2nd quarter worth $31,000. Finally, Voisard Asset Management Group Inc. boosted its position in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Activity at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Oppenheimer upped their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price target 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. Bank of America increased their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, 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. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Up 0.6 %

NYSE:SPGI traded up $2.95 during trading hours on Friday, hitting $483.31. 940,345 shares of the company’s stock traded hands, compared to its average volume of 1,200,037. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 0.94. S&P Global Inc. has a twelve month low of $365.00 and a twelve month high of $533.29. The stock’s fifty day moving average price is $512.45 and its two-hundred day moving average price is $472.74. The firm has a market cap of $149.97 billion, a P/E ratio of 42.66, a P/E/G ratio of 2.50 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the company earned $3.21 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts expect that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.75%. S&P Global’s dividend payout ratio is 32.13%.

S&P Global Company 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.