Kintegral Advisory LLC Has $9.89 Million Stake in S&P Global Inc. $SPGI

Kintegral Advisory LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,757 shares of the business services provider’s stock after selling 27 shares during the period. S&P Global accounts for approximately 0.9% of Kintegral Advisory LLC’s investment portfolio, making the stock its 20th biggest position. Kintegral Advisory LLC’s holdings in S&P Global were worth $9,890,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cheviot Value Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at about $26,000. Costello Asset Management INC acquired a new stake in S&P Global during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the 2nd quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of 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 worth $31,000 after purchasing an additional 31 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SPGI shares. Morgan Stanley increased their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. 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. Finally, Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $614.85.

S&P Global Stock Performance

Shares of SPGI opened at $486.39 on Monday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a market cap of $148.49 billion, a PE ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19. The stock has a 50-day moving average of $529.93 and a 200-day moving average of $514.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion for the quarter. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s 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.