Clarendon Private LLC Has $587,000 Stock Holdings in S&P Global Inc. $SPGI

Clarendon Private LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 30.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,113 shares of the business services provider’s stock after buying an additional 258 shares during the period. Clarendon Private LLC’s holdings in S&P Global were worth $587,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of S&P Global during the 1st quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global in the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted 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 purchasing an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Barclays raised their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. BMO Capital Markets raised their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $614.85.

S&P Global Stock Down 0.3%

S&P Global stock opened at $486.39 on Friday. The stock has a market cap of $148.49 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company’s 50-day moving average price is $529.93 and its two-hundred day moving average price is $514.29.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share 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%. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared 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. 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 dividend payout ratio is currently 29.54%.

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.