S&P Global Inc. (NYSE:SPGI) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,646 shares of the business services provider’s stock after purchasing an additional 2,109 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in S&P Global were worth $35,587,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Janney Capital Management LLC grew its holdings in S&P Global by 2.7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after purchasing an additional 461 shares during the period. Arkadios Wealth Advisors grew its holdings in S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares during the period. Artisan Partners Limited Partnership grew its holdings in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares during the period. Citizens Financial Group Inc. RI grew its holdings in S&P Global by 54.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after purchasing an additional 1,115 shares during the period. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in S&P Global in the fourth quarter valued at approximately $1,644,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer raised their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, June 21st. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets raised their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Stock Up 0.1 %

NYSE SPGI traded up $0.55 during trading hours on Thursday, hitting $448.91. 1,051,173 shares of the company were exchanged, compared to its average volume of 1,280,763. The company has a 50 day moving average of $430.07 and a two-hundred day moving average of $431.44. The company has a quick ratio of 0.92, a current ratio of 0.92 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 $461.16. The firm has a market cap of $140.46 billion, a price-to-earnings ratio of 50.32, a PEG ratio of 2.49 and a beta of 1.15.

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

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.81%. S&P Global’s payout ratio is currently 40.81%.

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.