497 Shares in S&P Global Inc. $SPGI Purchased by Advisory Alpha LLC

Advisory Alpha LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 497 shares of the business services provider’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Divergent Planning LLC acquired a new stake in S&P Global in the 2nd quarter worth about $303,000. Dynamic Advisor Solutions LLC raised its stake in S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of S&P Global during the 1st quarter valued at $240,000. Foster Victor Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 1,383 shares during the period. Finally, Northside Capital Management LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at $975,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SPGI. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Morgan Stanley boosted their target price on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. BMO Capital Markets dropped their target price on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research report on Thursday, October 16th. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $614.23.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $490.53 on Friday. The firm has a 50 day moving average of $508.81 and a 200-day moving average of $514.88. The stock has a market capitalization of $149.76 billion, a PE ratio of 37.73, a PEG 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 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last issued 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 net margin of 27.30% and a return on equity of 15.11%. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio 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.