Sterling Investment Management LLC Purchases 1,748 Shares of S&P Global Inc. $SPGI

Sterling Investment Management LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 24.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,833 shares of the business services provider’s stock after acquiring an additional 1,748 shares during the period. S&P Global comprises 3.1% of Sterling Investment Management LLC’s holdings, making the stock its 7th largest holding. Sterling Investment Management LLC’s holdings in S&P Global were worth $4,658,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Stegent Equity Advisors Inc. boosted its position in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after acquiring an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares during the last quarter. Foster Group Inc. lifted its stake in S&P Global by 0.9% in the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 20 shares during the last quarter. Quent Capital LLC lifted its stake in S&P Global by 1.9% in the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after purchasing an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SPGI. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Oppenheimer lifted their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $614.23.

S&P Global Stock Up 1.3%

Shares of NYSE SPGI opened at $483.85 on Wednesday. The stock has a market capitalization of $147.72 billion, a P/E ratio of 37.22, a P/E/G ratio of 2.52 and a beta of 1.19. The company has a 50-day moving average price of $518.66 and a 200-day moving average price of $513.40. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. 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 issued its quarterly earnings data 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 during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. 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.