VestGen Advisors LLC Has $1.87 Million Position in S&P Global Inc. $SPGI

VestGen Advisors LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,538 shares of the business services provider’s stock after selling 281 shares during the quarter. VestGen Advisors LLC’s holdings in S&P Global were worth $1,865,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Costello Asset Management INC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global in the second quarter valued at $26,000. MTM Investment Management LLC acquired a new position in S&P Global during the second quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $499.15 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $488.69 and a 200 day simple moving average of $516.12. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market cap of $151.14 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.50 and a beta of 1.17.

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. The firm 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%. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Analyst Ratings Changes

Several research firms have recently weighed in on SPGI. Morgan Stanley upped their target price 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. Wells Fargo & Company upped their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Citigroup raised their price objective 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. Stifel Nicolaus reduced their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $613.00.

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.