S&P Global Inc. $SPGI Shares Bought by Private Wealth Partners LLC

Private Wealth Partners LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,110 shares of the business services provider’s stock after acquiring an additional 130 shares during the quarter. Private Wealth Partners LLC’s holdings in S&P Global were worth $4,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Divergent Planning LLC purchased a new stake in shares of S&P Global in the second quarter valued at $303,000. Dynamic Advisor Solutions LLC lifted its position in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after acquiring an additional 733 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of S&P Global in the first quarter valued at $240,000. Foster Victor Wealth Advisors LLC lifted its position in shares of S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of S&P Global in the second quarter valued at $975,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup upped their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. BMO Capital Markets reduced their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research report on Thursday, October 16th. Evercore ISI increased their target price on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Wells Fargo & Company increased their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $614.23.

S&P Global Stock Performance

S&P Global stock opened at $496.57 on Tuesday. The stock’s 50-day moving average is $512.94 and its 200-day moving average is $514.74. The company has a market cap of $151.60 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. 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 Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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%. Equities analysts anticipate 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 disclosed 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 dividend payout ratio (DPR) is 29.54%.

S&P Global 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.