S&P Global Inc. $SPGI Holdings Lifted by Bogart Wealth LLC

Bogart Wealth LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,175 shares of the business services provider’s stock after buying an additional 1,017 shares during the period. Bogart Wealth LLC’s holdings in S&P Global were worth $13,802,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cheviot Value Management LLC acquired a new position in S&P Global in the first quarter valued at about $26,000. Costello Asset Management INC acquired a new position in S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global in the second quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in the first quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. BMO Capital Markets lowered their price objective on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Mizuho increased their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley increased 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus price target of $614.23.

S&P Global Stock Performance

NYSE:SPGI opened at $473.76 on Monday. 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 1 year low of $427.14 and a 1 year high of $579.05. The stock’s 50 day simple moving average is $521.74 and its two-hundred day simple moving average is $513.42. The company has a market cap of $144.64 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its 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%. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

S&P Global 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.