Chapman Investment Management LLC Buys 126 Shares of S&P Global Inc. $SPGI

Chapman Investment Management LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,813 shares of the business services provider’s stock after buying an additional 126 shares during the period. S&P Global comprises 2.5% of Chapman Investment Management LLC’s holdings, making the stock its 14th largest holding. Chapman Investment Management LLC’s holdings in S&P Global were worth $3,592,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $26,000. Costello Asset Management INC purchased a new stake in S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the second quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC lifted its position in S&P Global by 103.3% during 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 during the last quarter. Finally, eCIO Inc. acquired a new position in S&P Global during the 1st quarter valued at approximately $32,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPGI. Mizuho upped their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Evercore ISI increased their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus decreased their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average target price of $612.38.

S&P Global Stock Up 2.0%

Shares of NYSE:SPGI opened at $496.84 on Tuesday. The company has a market capitalization of $151.68 billion, a PE ratio of 38.22, a P/E/G ratio of 2.50 and a beta of 1.19. 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 twelve month low of $427.14 and a twelve month high of $579.05. The firm has a 50 day simple moving average of $506.35 and a 200-day simple moving average of $515.90.

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

S&P Global Dividend Announcement

The business 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 dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is 27.93%.

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.