Angeles Wealth Management LLC Has $369,000 Stock Holdings in S&P Global Inc. $SPGI

Angeles Wealth Management LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 23.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 699 shares of the business services provider’s stock after acquiring an additional 134 shares during the quarter. Angeles Wealth Management LLC’s holdings in S&P Global were worth $369,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Stegent Equity Advisors Inc. lifted its stake in shares of S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after acquiring an additional 20 shares during the period. Foster Group Inc. lifted its stake in shares of S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after acquiring an additional 20 shares during the period. Quent Capital LLC lifted its stake in shares of S&P Global by 1.9% during the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after acquiring an additional 20 shares during the period. Finally, Integrated Investment Consultants LLC lifted its stake in shares of S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. UBS Group upped their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Evercore ISI increased their target price on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley increased their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Finally, BMO Capital Markets cut their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average price target of $614.23.

S&P Global Stock Up 0.4%

Shares of S&P Global stock opened at $473.76 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The business has a 50-day moving average of $521.74 and a two-hundred day moving average of $513.26. The company has a market capitalization of $144.64 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.49 and a beta of 1.19. 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 (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion during the quarter. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

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.