Strengthening Families & Communities LLC Boosts Holdings in S&P Global Inc. $SPGI

Strengthening Families & Communities LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,846 shares of the business services provider’s stock after purchasing an additional 120 shares during the quarter. Strengthening Families & Communities LLC’s holdings in S&P Global were worth $1,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Valeo Financial Advisors LLC boosted its stake in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. Nuveen LLC purchased a new position in shares of S&P Global in the first quarter valued at approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after purchasing an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after acquiring an additional 210,373 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPGI. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Citigroup lifted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Morgan Stanley lifted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $614.85.

S&P Global Stock Down 0.3%

Shares of NYSE:SPGI opened at $486.39 on Friday. The company has a market capitalization of $148.49 billion, a PE ratio of 37.41, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm has a 50 day simple moving average of $529.93 and a 200-day simple moving average of $514.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is 29.54%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.