Lynwood Price Capital Management LP Grows Stock Position in S&P Global Inc. $SPGI

Lynwood Price Capital Management LP increased its position in S&P Global Inc. (NYSE:SPGI) by 102.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,500 shares of the business services provider’s stock after acquiring an additional 11,900 shares during the period. S&P Global comprises about 6.2% of Lynwood Price Capital Management LP’s investment portfolio, making the stock its 8th biggest holding. Lynwood Price Capital Management LP’s holdings in S&P Global were worth $12,391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPGI. Obermeyer Wealth Partners grew its stake in shares of S&P Global by 1.6% during the 2nd quarter. Obermeyer Wealth Partners now owns 3,766 shares of the business services provider’s stock valued at $1,986,000 after purchasing an additional 61 shares during the period. Machina Capital S.A.S. grew its position in S&P Global by 22.3% during the second quarter. Machina Capital S.A.S. now owns 4,521 shares of the business services provider’s stock valued at $2,384,000 after buying an additional 823 shares during the period. Westside Investment Management Inc. increased its holdings in S&P Global by 558.3% during the second quarter. Westside Investment Management Inc. now owns 79 shares of the business services provider’s stock valued at $42,000 after buying an additional 67 shares during the last quarter. Snider Financial Group raised its position in S&P Global by 1.4% in the second quarter. Snider Financial Group now owns 5,535 shares of the business services provider’s stock worth $2,918,000 after acquiring an additional 74 shares during the period. Finally, EPG Wealth Management LLC boosted its stake in shares of S&P Global by 6.4% during the 2nd quarter. EPG Wealth Management LLC now owns 2,159 shares of the business services provider’s stock worth $1,139,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $487.37 on Monday. The business’s 50-day moving average is $507.44 and its 200 day moving average is $515.66. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market capitalization of $148.80 billion, a P/E ratio of 37.49, 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 (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) 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%. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid 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 dividend payout ratio (DPR) is presently 27.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPGI. BMO Capital Markets reaffirmed an “outperform” rating and issued a $538.00 target price on shares of S&P Global in a report on Friday. Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup boosted their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $612.38.

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.