Proficio Capital Partners LLC Boosts Stake in S&P Global Inc. (NYSE:SPGI)

Proficio Capital Partners LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,199 shares of the business services provider’s stock after buying an additional 137 shares during the period. Proficio Capital Partners LLC’s holdings in S&P Global were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of S&P Global during the 4th quarter valued at $1,652,862,000. Wellington Management Group LLP increased its position in shares of S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the period. Capital International Investors increased its position in shares of S&P Global by 12.6% in the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after acquiring an additional 616,732 shares during the period. Alecta Tjanstepension Omsesidigt increased its position in shares of S&P Global by 109.1% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 575,000 shares of the business services provider’s stock valued at $253,339,000 after acquiring an additional 300,000 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of S&P Global by 24.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock valued at $662,013,000 after acquiring an additional 294,896 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.0 %

S&P Global stock traded up $4.44 during trading on Tuesday, hitting $460.33. The company had a trading volume of 892,286 shares, compared to its average volume of 1,271,825. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company’s 50 day simple moving average is $436.64 and its 200-day simple moving average is $432.59. The stock has a market cap of $144.04 billion, a price-to-earnings ratio of 51.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. As a group, analysts expect that S&P Global Inc. will post 14.12 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. 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 0.79%. S&P Global’s payout ratio is currently 40.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SPGI shares. Oppenheimer increased their price target on S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. UBS Group raised their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday. 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $485.60.

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.