Alta Capital Management LLC Has $45.95 Million Stock Position in S&P Global Inc. $SPGI

Alta Capital Management LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.4% during the second quarter, HoldingsChannel reports. The fund owned 87,137 shares of the business services provider’s stock after acquiring an additional 2,860 shares during the quarter. S&P Global makes up about 2.6% of Alta Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Alta Capital Management LLC’s holdings in S&P Global were worth $45,947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ritholtz Wealth Management increased its position in S&P Global by 10.1% during the second quarter. Ritholtz Wealth Management now owns 9,209 shares of the business services provider’s stock worth $4,856,000 after acquiring an additional 842 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its position in S&P Global by 21.1% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 528 shares of the business services provider’s stock worth $278,000 after acquiring an additional 92 shares during the period. Innova Wealth Partners increased its position in S&P Global by 14.7% during the second quarter. Innova Wealth Partners now owns 469 shares of the business services provider’s stock worth $247,000 after acquiring an additional 60 shares during the period. Sagespring Wealth Partners LLC increased its position in S&P Global by 9.7% during the second quarter. Sagespring Wealth Partners LLC now owns 5,822 shares of the business services provider’s stock worth $3,070,000 after acquiring an additional 516 shares during the period. Finally, Equitable Trust Co. increased its position in S&P Global by 8.3% during the second quarter. Equitable Trust Co. now owns 22,959 shares of the business services provider’s stock worth $12,106,000 after acquiring an additional 1,752 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $482.74 on Thursday. The company has a market capitalization of $147.38 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 2.58 and a beta of 1.19. The firm’s 50 day simple moving average is $525.15 and its 200 day simple moving average is $513.76. 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 fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SPGI shares. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, Barclays boosted 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $615.69.

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.