GoalVest Advisory LLC Purchases 24 Shares of S&P Global Inc. (NYSE:SPGI)

GoalVest Advisory LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 18.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153 shares of the business services provider’s stock after acquiring an additional 24 shares during the quarter. GoalVest Advisory LLC’s holdings in S&P Global were worth $79,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the third quarter valued at about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global in the third quarter valued at about $29,000. Sachetta LLC raised its holdings in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the third quarter valued at about $31,000. Finally, HWG Holdings LP bought a new stake in shares of S&P Global in the second quarter valued at about $27,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $503.29 on Friday. The business’s 50 day moving average price is $510.47 and its 200 day moving average price is $479.18. The firm has a market cap of $156.17 billion, a P/E ratio of 44.42, a P/E/G ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 52 week low of $401.79 and a 52 week high of $533.29. 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 (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The firm 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%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.21 earnings per share. On average, sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPGI. Wells Fargo & Company lifted their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Evercore ISI began coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

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.