S&P Global Inc. $SPGI Shares Acquired by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 23.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 812 shares of the business services provider’s stock after buying an additional 153 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in S&P Global were worth $428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of S&P Global by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after purchasing an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after purchasing an additional 114,843 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of S&P Global by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after purchasing an additional 97,324 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Evercore ISI upped their target price on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Morgan Stanley upped their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company increased their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, BMO Capital Markets decreased their price objective on 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $614.23.

S&P Global Stock Up 1.3%

S&P Global stock opened at $489.02 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a 50 day moving average of $514.03 and a two-hundred day moving average of $514.31. 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 capitalization of $149.30 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results 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 during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced 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 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 is 29.54%.

S&P Global Company Profile

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.