Cwm LLC Grows Stake in S&P Global Inc. $SPGI

Cwm LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 20.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,389 shares of the business services provider’s stock after purchasing an additional 2,440 shares during the period. Cwm LLC’s holdings in S&P Global were worth $7,587,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent research reports. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Evercore ISI raised their price objective on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley raised their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Oppenheimer raised their price objective on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, BMO Capital Markets raised their price objective on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $615.69.

S&P Global Trading Up 1.5%

NYSE:SPGI opened at $486.76 on Wednesday. The business’s 50-day moving average is $526.73 and its two-hundred day moving average is $513.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm has a market capitalization of $148.61 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.54 and a beta of 1.19.

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

S&P Global Dividend Announcement

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