Evermay Wealth Management LLC Purchases 182 Shares of S&P Global Inc. (NYSE:SPGI)

Evermay Wealth Management LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 119.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 335 shares of the business services provider’s stock after acquiring an additional 182 shares during the period. Evermay Wealth Management LLC’s holdings in S&P Global were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. BKM Wealth Management LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $63,000. Mutual Advisors LLC boosted its holdings in S&P Global by 4.5% during the fourth quarter. Mutual Advisors LLC now owns 1,396 shares of the business services provider’s stock worth $615,000 after buying an additional 60 shares during the last quarter. HB Wealth Management LLC boosted its holdings in S&P Global by 2.0% during the fourth quarter. HB Wealth Management LLC now owns 4,265 shares of the business services provider’s stock worth $1,879,000 after buying an additional 85 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of S&P Global during the 4th quarter worth about $373,000. Finally, LVW Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at about $336,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPGI. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Stifel Nicolaus upped their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer increased their price target on S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a report on Monday, July 1st. Finally, Morgan Stanley raised their price target on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $490.55.

S&P Global Stock Up 0.3 %

NYSE:SPGI traded up $1.53 during trading hours on Thursday, reaching $483.19. 785,677 shares of the stock were exchanged, compared to its average volume of 1,263,042. The stock has a market cap of $151.19 billion, a PE ratio of 54.17, a PEG ratio of 2.81 and a beta of 1.16. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $498.15. The firm has a 50 day moving average of $449.75 and a 200 day moving average of $436.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, equities analysts expect that S&P Global Inc. will post 14.27 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 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 0.75%. S&P Global’s dividend payout ratio is 40.81%.

About S&P Global

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.