3,578 S&P Global Inc. $SPGI Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. increased its stake in S&P Global Inc. (NYSE:SPGI) by 38.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,871 shares of the business services provider’s stock after buying an additional 3,578 shares during the quarter. Vise Technologies Inc.’s holdings in S&P Global were worth $5,077,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Pingora Partners LLC acquired a new position in S&P Global during the 2nd quarter worth approximately $29,000. James T. Borello RIA purchased a new position in S&P Global in the 3rd quarter worth approximately $36,000. WPG Advisers LLC boosted its holdings in S&P Global by 37.0% in the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock worth $41,000 after acquiring an additional 27 shares during the period. Frazier Financial Advisors LLC grew its position in S&P Global by 31.4% in the first quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 27 shares in the last quarter. Finally, Fiduciary Financial Advisors acquired a new stake in S&P Global in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. Mizuho dropped their price objective on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. BMO Capital Markets decreased their target price on shares of S&P Global from $505.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. UBS Group decreased their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Robert W. Baird set a $513.00 price target on shares of S&P Global in a report on Wednesday, September 2nd. Finally, Wells Fargo & Company lifted their price target on shares of S&P Global from $525.00 to $545.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Eighteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $523.35.

S&P Global Trading Down 2.0%

NYSE:SPGI opened at $465.58 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25. The business’s 50-day simple moving average is $423.10 and its 200 day simple moving average is $430.91. The stock has a market cap of $134.97 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, October 27th. The business services provider reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the business posted $4.73 earnings per share. S&P Global’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts predict that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. S&P Global’s dividend payout ratio is presently 23.14%.

S&P Global Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.