S&P Global Inc. $SPGI Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 285,865 shares of the business services provider’s stock after purchasing an additional 27,431 shares during the quarter. Schroder Investment Management Group owned 0.09% of S&P Global worth $150,734,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Costello Asset Management INC purchased a new stake in S&P Global in the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global in the 2nd quarter valued at $26,000. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the second quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of 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 worth $31,000 after purchasing an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $499.15 on Friday. The stock has a market capitalization of $151.14 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.50 and a beta of 1.17. The stock has a 50-day moving average of $488.69 and a 200 day moving average of $516.09. 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.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business 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%. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on SPGI shares. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Morgan Stanley raised their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Citigroup upped their price objective 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 fifteen have issued a Buy rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $613.00.

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.