CreativeOne Wealth LLC Acquires 815 Shares of S&P Global Inc. (NYSE:SPGI)

CreativeOne Wealth LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 101.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,620 shares of the business services provider’s stock after acquiring an additional 815 shares during the period. CreativeOne Wealth LLC’s holdings in S&P Global were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Capital Management LLC lifted its position in shares of S&P Global by 2.7% during 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 buying an additional 461 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of S&P Global by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after buying an additional 87 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of S&P Global by 15.7% in the 4th 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 last quarter. Citizens Financial Group Inc. RI raised its position in shares of S&P Global by 54.2% in the 4th 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 last quarter. Finally, Aspiriant LLC purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $398,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SPGI shares. Barclays raised their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Morgan Stanley raised their price target on shares of S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. Oppenheimer raised their price objective on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research note on Monday, July 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $490.55.

S&P Global Trading Up 1.6 %

Shares of NYSE SPGI traded up $7.53 during trading on Friday, hitting $490.86. 320,757 shares of the company were exchanged, compared to its average volume of 1,256,453. The firm has a market capitalization of $153.59 billion, a PE ratio of 55.16, a P/E/G ratio of 2.73 and a beta of 1.16. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $498.15. The company has a fifty day moving average price of $449.75 and a 200-day moving average price of $436.53. 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 (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, equities research analysts expect that S&P Global Inc. will post 14.27 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend 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.