Vanguard Group Inc. Grows Stake in S&P Global Inc. $SPGI

Vanguard Group Inc. lifted its position in S&P Global Inc. (NYSE:SPGI) by 1.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 30,094,919 shares of the business services provider’s stock after buying an additional 315,916 shares during the period. Vanguard Group Inc. owned about 0.10% of S&P Global worth $15,868,750,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SPGI. Costello Asset Management INC purchased a new stake in shares of S&P Global in the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global in the second quarter worth approximately $26,000. MTM Investment Management LLC purchased a new stake in S&P Global in the second quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research analyst reports. Mizuho increased their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI raised their price target on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Stifel Nicolaus cut their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Trading Down 1.1%

Shares of SPGI opened at $488.37 on Tuesday. The stock has a market capitalization of $147.88 billion, a P/E ratio of 37.57, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $496.44 and a two-hundred day simple moving average of $517.12.

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 firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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 issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

S&P Global 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.