GHP Investment Advisors Inc. Purchases 619 Shares of S&P Global Inc. $SPGI

GHP Investment Advisors Inc. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,275 shares of the business services provider’s stock after purchasing an additional 619 shares during the period. GHP Investment Advisors Inc.’s holdings in S&P Global were worth $7,527,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Emerald Advisers LLC lifted its position in shares of S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 18 shares in the last quarter. Stegent Equity Advisors Inc. increased its holdings in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after buying an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after buying an additional 20 shares during the last quarter. Foster Group Inc. increased its holdings in S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after buying an additional 20 shares during the last quarter. Finally, Quent Capital LLC increased its holdings in S&P Global by 1.9% during the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock worth $571,000 after buying an additional 20 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

SPGI stock opened at $487.37 on Friday. The firm has a 50 day moving average of $507.44 and a 200-day moving average of $515.30. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm has a market capitalization of $148.80 billion, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19.

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. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion during the quarter. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 given 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPGI. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Morgan Stanley raised their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $612.38.

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.