PDS Planning Inc Has $1.01 Million Holdings in S&P Global Inc. $SPGI

PDS Planning Inc boosted its stake in S&P Global Inc. (NYSE:SPGI) by 3.4% in the second quarter, Holdings Channel reports. The firm owned 1,907 shares of the business services provider’s stock after purchasing an additional 63 shares during the quarter. PDS Planning Inc’s holdings in S&P Global were worth $1,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. JB Capital LLC acquired a new position in S&P Global in the second quarter valued at about $206,000. Blue Trust Inc. raised its stake in S&P Global by 14.6% in the second quarter. Blue Trust Inc. now owns 2,598 shares of the business services provider’s stock valued at $1,370,000 after purchasing an additional 330 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its stake in S&P Global by 28.7% in the second quarter. Robertson Stephens Wealth Management LLC now owns 6,367 shares of the business services provider’s stock valued at $3,357,000 after purchasing an additional 1,420 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in S&P Global by 6.7% in the second quarter. Cyndeo Wealth Partners LLC now owns 4,923 shares of the business services provider’s stock valued at $2,596,000 after purchasing an additional 307 shares in the last quarter. Finally, Vivid Wealth Management LLC raised its stake in S&P Global by 0.5% in the second quarter. Vivid Wealth Management LLC now owns 5,187 shares of the business services provider’s stock valued at $2,735,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPGI. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Barclays boosted their target price on 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 investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $614.85.

S&P Global Price Performance

S&P Global stock opened at $486.39 on Friday. The stock has a market capitalization of $148.49 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock’s 50 day moving average price is $529.93 and its two-hundred day moving average price is $514.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 return on equity of 15.11% and a net margin of 27.30%. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 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.