S&P Global Inc. $SPGI Shares Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 1.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,110 shares of the business services provider’s stock after buying an additional 130 shares during the quarter. Private Wealth Partners LLC’s holdings in S&P Global were worth $4,276,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the second quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake 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 buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPGI shares. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. 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 research note on Tuesday, July 8th. Morgan Stanley raised their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $614.23.

S&P Global Price Performance

Shares of SPGI opened at $496.57 on Tuesday. The firm has a market cap of $151.60 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.59 and a beta of 1.19. The stock has a 50 day moving average of $512.94 and a 200-day moving average of $514.74. 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 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company 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 $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 dividend payout ratio (DPR) is presently 29.54%.

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.