Creative Planning Boosts Holdings in S&P Global Inc. $SPGI

Creative Planning increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,373 shares of the business services provider’s stock after purchasing an additional 1,454 shares during the quarter. Creative Planning’s holdings in S&P Global were worth $46,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SPGI. SG Americas Securities LLC grew its stake in S&P Global by 110.1% during the second quarter. SG Americas Securities LLC now owns 4,887 shares of the business services provider’s stock worth $2,577,000 after buying an additional 53,479 shares during the period. WealthShield Partners LLC raised its holdings in S&P Global by 2.5% in the second quarter. WealthShield Partners LLC now owns 5,119 shares of the business services provider’s stock valued at $2,699,000 after acquiring an additional 124 shares in the last quarter. Meridian Wealth Management LLC lifted its position in shares of S&P Global by 2.0% during the second quarter. Meridian Wealth Management LLC now owns 6,801 shares of the business services provider’s stock worth $3,586,000 after purchasing an additional 136 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of S&P Global by 6.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,986 shares of the business services provider’s stock valued at $40,594,000 after acquiring an additional 4,950 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of S&P Global by 3.5% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,783 shares of the business services provider’s stock worth $1,467,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $493.97 on Friday. The firm has a 50 day moving average of $497.60 and a 200-day moving average of $517.08. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $149.58 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. 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 announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed 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. 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 presently 27.93%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SPGI shares. Barclays increased their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. lowered their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Finally, BMO Capital Markets set a $546.00 price target on S&P Global in a research note on Friday. Two investment 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, S&P Global has a consensus rating of “Buy” and an average target price of $613.00.

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.