Alpine Woods Capital Investors LLC Purchases 106 Shares of S&P Global Inc. $SPGI

Alpine Woods Capital Investors LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 9.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,275 shares of the business services provider’s stock after buying an additional 106 shares during the period. Alpine Woods Capital Investors LLC’s holdings in S&P Global were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPGI. Vanguard Group Inc. raised its position in shares of S&P Global by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after purchasing an additional 108,729 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after purchasing an additional 114,843 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after purchasing an additional 614,809 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of S&P Global by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after purchasing an additional 97,324 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI opened at $479.18 on Tuesday. 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 firm has a market capitalization of $146.29 billion, a PE ratio of 36.86, a P/E/G ratio of 2.58 and a beta of 1.19. The firm has a 50 day moving average of $528.26 and a two-hundred day moving average of $514.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Citigroup increased their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. BMO Capital Markets raised their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $614.85.

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.