Journey Strategic Wealth LLC Has $997,000 Stock Position in S&P Global Inc. $SPGI

Journey Strategic Wealth LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 45.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,891 shares of the business services provider’s stock after buying an additional 590 shares during the period. Journey Strategic Wealth LLC’s holdings in S&P Global were worth $997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of S&P Global in the 1st quarter valued at approximately $771,000. Pinnacle Associates Ltd. increased its stake in S&P Global by 26.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 4,973 shares of the business services provider’s stock worth $2,527,000 after purchasing an additional 1,048 shares in the last quarter. Carnegie Investment Counsel increased its stake in S&P Global by 28.9% during the 1st quarter. Carnegie Investment Counsel now owns 1,289 shares of the business services provider’s stock worth $655,000 after purchasing an additional 289 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in S&P Global by 3.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 20,607 shares of the business services provider’s stock worth $10,470,000 after buying an additional 666 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPGI. Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company upped their target price 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. BMO Capital Markets set a $546.00 target price on S&P Global in a report on Friday, November 14th. JPMorgan Chase & Co. cut 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. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $613.00.

S&P Global Trading Up 0.5%

Shares of NYSE:SPGI opened at $493.50 on Friday. The company’s 50-day moving average price is $492.06 and its two-hundred day moving average price is $516.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market capitalization of $149.43 billion, a PE ratio of 37.96, a price-to-earnings-growth 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 earnings per share for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

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.