S&P Global Inc. $SPGI Stock Holdings Lifted by Smart Money Group LLC

Smart Money Group LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.0% in the second quarter, Holdings Channel reports. The firm owned 2,056 shares of the business services provider’s stock after buying an additional 203 shares during the period. Smart Money Group LLC’s holdings in S&P Global were worth $1,084,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPGI. Divergent Planning LLC acquired a new position in shares of S&P Global during the second quarter worth approximately $303,000. Dynamic Advisor Solutions LLC grew its stake in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after acquiring an additional 733 shares during the last quarter. SCS Capital Management LLC bought a new position in S&P Global during the first quarter worth $240,000. Foster Victor Wealth Advisors LLC raised its stake in S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Northside Capital Management LLC bought a new stake in S&P Global in the 2nd quarter valued at $975,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.4%

Shares of NYSE:SPGI opened at $489.95 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’s fifty day moving average is $503.10 and its 200-day moving average is $515.85. The company has a market capitalization of $148.36 billion, a PE ratio of 37.69, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. Equities research analysts predict 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. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is currently 27.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $538.00 price objective on shares of S&P Global in a research report on Friday, October 31st. Wells Fargo & Company boosted their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Evercore ISI raised their price objective on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $612.38.

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.