Dynamic Advisor Solutions LLC Boosts Position in S&P Global Inc. (NYSE:SPGI)

Dynamic Advisor Solutions LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,224 shares of the business services provider’s stock after acquiring an additional 1,317 shares during the period. Dynamic Advisor Solutions LLC’s holdings in S&P Global were worth $4,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. Swedbank AB acquired a new position in S&P Global in the first quarter valued at approximately $351,774,000. Assenagon Asset Management S.A. increased its holdings in shares of S&P Global by 352.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after purchasing an additional 360,909 shares in the last quarter. Third Point LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $142,526,000. Ameriprise Financial Inc. boosted its holdings in S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares in the last quarter. Finally, Capital International Investors grew its position in S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after buying an additional 291,712 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $518.35 on Wednesday. The company has a fifty day simple moving average of $505.20 and a 200-day simple moving average of $462.17. The firm has a market capitalization of $162.19 billion, a price-to-earnings ratio of 58.11, a PEG ratio of 2.91 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $528.02.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.12 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global Announces Dividend

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 paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Evercore ISI assumed coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. UBS Group increased their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Stifel Nicolaus boosted their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $556.58.

Insiders Place Their Bets

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,862 shares of company stock valued at $8,645,727. Insiders own 0.10% of the company’s stock.

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.