Los Angeles Capital Management LLC Raises Stock Position in S&P Global Inc. $SPGI

Los Angeles Capital Management LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 18.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,278 shares of the business services provider’s stock after purchasing an additional 14,672 shares during the quarter. Los Angeles Capital Management LLC’s holdings in S&P Global were worth $48,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Divergent Planning LLC acquired a new stake in shares of S&P Global during the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC boosted its position in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC acquired a new stake in S&P Global in the first quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC increased 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 buying 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 approximately $975,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 1.2%

Shares of SPGI opened at $495.89 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $502.04 and a two-hundred day simple moving average of $516.17. The company has a market capitalization of $150.15 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released 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%. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 27.93%.

Analyst Ratings Changes

Several brokerages recently commented on SPGI. Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Morgan Stanley upped their price target 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, October 9th. Evercore ISI raised their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Barclays boosted their price objective on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Mizuho raised their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and a consensus target price of $612.38.

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.