S&P Global Inc. $SPGI Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,064 shares of the business services provider’s stock after acquiring an additional 133 shares during the period. Portside Wealth Group LLC’s holdings in S&P Global were worth $561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global during the second quarter worth $26,000. MTM Investment Management LLC purchased a new position in S&P Global in the 2nd quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SPGI shares. Citigroup upped their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Barclays increased their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. BMO Capital Markets set a $546.00 price objective on S&P Global in a report on Friday. Stifel Nicolaus dropped their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Morgan Stanley increased their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Trading Up 0.2%

Shares of S&P Global stock opened at $489.70 on Wednesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market cap of $148.28 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a 50-day moving average of $495.29 and a two-hundred day moving average of $517.00.

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

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend 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 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.