2,597 Shares in S&P Global Inc. $SPGI Bought by Stance Capital LLC

Stance Capital LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,597 shares of the business services provider’s stock, valued at approximately $1,369,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global during the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC bought a new stake in shares of S&P Global in the second quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the last quarter. eCIO Inc. bought a new position in S&P Global during the first quarter worth $32,000. Finally, Activest Wealth Management raised its stake in S&P Global by 3,250.0% during the 1st quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.7%

SPGI stock opened at $500.95 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $490.15 and its 200-day moving average is $514.65. The firm has a market cap of $151.69 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.60 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPGI. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 8th. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. 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 research note on Friday, October 31st. Morgan Stanley raised their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, Mizuho boosted their price objective 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 investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and a consensus price target 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.