S&P Global Inc. (NYSE:SPGI) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,180 shares of the business services provider’s stock after purchasing an additional 1,888 shares during the quarter. EP Wealth Advisors LLC’s holdings in S&P Global were worth $43,691,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SPGI. Private Wealth Management Group LLC purchased a new position in S&P Global during the fourth quarter worth approximately $26,000. Valued Wealth Advisors LLC purchased a new position in S&P Global during the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group raised its stake in S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the period. LFA Lugano Financial Advisors SA raised its stake in S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new position in S&P Global during the fourth quarter worth approximately $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, May 24th. Oppenheimer raised their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Barclays raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $467.89.

S&P Global Price Performance

Shares of SPGI stock traded down $2.79 during midday trading on Friday, reaching $434.40. 789,413 shares of the company were exchanged, compared to its average volume of 975,415. The company’s 50 day moving average price is $426.86 and its two-hundred day moving average price is $430.22. The company has a market cap of $135.92 billion, a P/E ratio of 48.70, a PEG ratio of 2.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, sell-side analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, May 29th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

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.