S&P Global Inc. $SPGI Shares Bought by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,512 shares of the business services provider’s stock after acquiring an additional 7,467 shares during the quarter. S&P Global comprises 5.0% of Titan Global Capital Management USA LLC’s holdings, making the stock its 7th largest holding. Titan Global Capital Management USA LLC’s holdings in S&P Global were worth $31,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the 1st quarter valued at $26,000. Costello Asset Management INC bought a new position in S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global in the second quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted 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 stake in S&P Global during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPGI. JPMorgan Chase & Co. cut their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Evercore ISI boosted their target price on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets restated an “outperform” rating and issued a $538.00 price target on shares of S&P Global in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $612.38.

S&P Global Stock Up 1.2%

S&P Global stock opened at $495.89 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two 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 firm’s 50-day simple moving average is $502.04 and its 200 day simple moving average is $516.17. The stock has a market cap of $150.15 billion, a PE ratio of 38.15, a price-to-earnings-growth 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 business 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%. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is 27.93%.

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.