New Hampshire Trust Boosts Stake in S&P Global Inc. $SPGI

New Hampshire Trust raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,479 shares of the business services provider’s stock after acquiring an additional 57 shares during the period. New Hampshire Trust’s holdings in S&P Global were worth $780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Valeo Financial Advisors LLC grew 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 about $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 grew 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. grew 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 currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.3%

SPGI stock opened at $489.02 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The business has a fifty day moving average price of $514.03 and a 200-day moving average price of $514.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $149.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion during the quarter. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research reports. UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Morgan Stanley lifted their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company lifted their price objective 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. BMO Capital Markets lowered their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research note on Thursday, October 16th. Finally, Evercore ISI raised their target price 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average target price of $614.23.

About S&P Global

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.