LRI Investments LLC Has $9.25 Million Stock Position in S&P Global Inc. $SPGI

LRI Investments LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,538 shares of the business services provider’s stock after purchasing an additional 21 shares during the quarter. S&P Global makes up 0.7% of LRI Investments LLC’s portfolio, making the stock its 27th biggest position. LRI Investments LLC’s holdings in S&P Global were worth $9,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the first quarter worth $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of 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 worth $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley lifted their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup lifted their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Oppenheimer lifted their price objective 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. Barclays lifted their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, 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%

NYSE:SPGI opened at $486.39 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. 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 cap of $148.49 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.58 and a beta of 1.19. The stock has a 50-day moving average price of $529.93 and a two-hundred day moving average price of $514.29.

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

S&P Global Dividend Announcement

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