Evelyn Partners Investment Management LLP Grows Stock Holdings in S&P Global Inc. $SPGI

Evelyn Partners Investment Management LLP raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 34.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,738 shares of the business services provider’s stock after acquiring an additional 11,405 shares during the quarter. S&P Global comprises approximately 1.1% of Evelyn Partners Investment Management LLP’s portfolio, making the stock its 20th biggest holding. Evelyn Partners Investment Management LLP’s holdings in S&P Global were worth $23,590,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its stake in shares of S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after acquiring an additional 850 shares during the last quarter. Divergent Planning LLC bought a new position in S&P Global during the 2nd quarter worth approximately $303,000. Vanguard Group Inc. increased its stake in S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the period. Dynamic Advisor Solutions LLC lifted its position in S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares during the last quarter. Finally, SCS Capital Management LLC bought a new stake in S&P Global in the first quarter valued at approximately $240,000. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a report on Friday, November 14th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Barclays increased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $613.00.

S&P Global Stock Up 0.5%

Shares of S&P Global stock opened at $493.50 on Friday. 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. The company has a market cap of $149.43 billion, a P/E ratio of 37.96, a PEG ratio of 2.50 and a beta of 1.17. The company’s fifty day simple moving average is $492.06 and its two-hundred day simple moving average is $516.55.

S&P Global (NYSE:SPGI) last posted its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion during the quarter. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current 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 given 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 payout ratio is presently 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.