Meeder Advisory Services Inc. Purchases 42 Shares of S&P Global Inc. (NYSE:SPGI)

Meeder Advisory Services Inc. raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,303 shares of the business services provider’s stock after acquiring an additional 42 shares during the period. Meeder Advisory Services Inc.’s holdings in S&P Global were worth $2,739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First National Corp MA ADV increased its stake in shares of S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 20 shares during the period. Kathleen S. Wright Associates Inc. grew its stake in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 20 shares during the last quarter. Trust Point Inc. grew its stake in S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares during the last quarter. Sapient Capital LLC grew its stake in S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 21 shares during the last quarter. Finally, Chatham Capital Group Inc. grew its stake in S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.6 %

Shares of NYSE SPGI opened at $500.19 on Monday. S&P Global Inc. has a 1 year low of $407.53 and a 1 year high of $533.29. The firm’s 50 day moving average price is $510.47 and its 200 day moving average price is $479.62. The firm has a market cap of $155.21 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business earned $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley lifted their target price on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets lowered their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.