W.H. Cornerstone Investments Inc. Has $384,000 Stock Holdings in S&P Global Inc. $SPGI

W.H. Cornerstone Investments Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 24.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 729 shares of the business services provider’s stock after selling 233 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in S&P Global were worth $384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Emerald Advisers LLC lifted its stake 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 acquiring an additional 18 shares during the period. Fullcircle Wealth LLC raised its holdings in S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after buying an additional 18 shares during the period. Foster Dykema Cabot & Partners LLC increased its position in shares of 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 acquiring an additional 20 shares in the last quarter. Foster Group Inc. lifted its position 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 acquiring an additional 20 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in S&P Global by 1.9% during the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock worth $571,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.7%

Shares of NYSE SPGI traded up $8.29 during mid-day trading on Thursday, hitting $504.13. The stock had a trading volume of 259,630 shares, compared to its average volume of 1,355,526. The business has a 50 day moving average price of $499.22 and a two-hundred day moving average price of $516.89. The firm has a market cap of $152.65 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. 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 posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion during the quarter. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid 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 dividend yield of 0.8%. S&P Global’s dividend payout ratio is 27.93%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPGI shares. Mizuho raised their target price on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Wells Fargo & Company raised their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Stifel Nicolaus decreased their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $612.38.

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.