2,927 Shares in S&P Global Inc. $SPGI Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,927 shares of the business services provider’s stock, valued at approximately $1,543,000.

Other large investors have also made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of S&P Global in the 1st quarter worth $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the 2nd quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global in the 1st quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings 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 in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley increased their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. UBS Group increased their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $615.69.

S&P Global Stock Down 0.8%

Shares of S&P Global stock opened at $482.74 on Thursday. The business has a 50-day moving average of $525.15 and a 200-day moving average of $513.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $147.38 billion, a PE ratio of 37.13, a P/E/G ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

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. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) 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.