Stratos Wealth Partners LTD. Purchases 325 Shares of S&P Global Inc. $SPGI

Stratos Wealth Partners LTD. lifted its position in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,644 shares of the business services provider’s stock after purchasing an additional 325 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in S&P Global were worth $5,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock worth $15,130,711,000 after acquiring an additional 108,729 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after purchasing an additional 114,843 shares during the period. Valeo Financial Advisors LLC grew its position in shares of S&P Global by 70,734.1% in the 2nd 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. Price T Rowe Associates Inc. MD increased its stake in S&P Global by 26.4% during the 1st 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 purchasing an additional 614,809 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock worth $1,403,468,000 after buying an additional 97,324 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Morgan Stanley increased their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Evercore ISI lifted their price target on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Citigroup increased their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $614.23.

View Our Latest Stock Analysis on S&P Global

S&P Global Trading Up 0.4%

Shares of NYSE:SPGI opened at $473.76 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $144.64 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a 50-day simple moving average of $521.74 and a 200 day simple moving average of $513.25.

S&P Global (NYSE:SPGIGet Free Report) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

About S&P Global

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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