Cyndeo Wealth Partners LLC Acquires 307 Shares of S&P Global Inc. $SPGI

Cyndeo Wealth Partners LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,923 shares of the business services provider’s stock after acquiring an additional 307 shares during the period. Cyndeo Wealth Partners LLC’s holdings in S&P Global were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Costello Asset Management INC acquired a new position in S&P Global during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global during the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday. Wells Fargo & Company upped their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. BMO Capital Markets upped their target price on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $614.85.

S&P Global Price Performance

S&P Global stock opened at $486.39 on Friday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. 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 business’s 50 day simple moving average is $529.93 and its 200 day simple moving average is $514.25. The company has a market cap of $148.49 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted 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 business had revenue of $1.87 billion for the quarter. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 29.54%.

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.