Mutual Advisors LLC Has $868,000 Stock Position in S&P Global Inc. $SPGI

Mutual Advisors LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,622 shares of the business services provider’s stock after selling 37 shares during the quarter. Mutual Advisors LLC’s holdings in S&P Global were worth $868,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Ritholtz Wealth Management lifted its position in S&P Global by 10.1% in the 2nd quarter. Ritholtz Wealth Management now owns 9,209 shares of the business services provider’s stock valued at $4,856,000 after acquiring an additional 842 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in S&P Global by 21.1% in the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 528 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 92 shares in the last quarter. Innova Wealth Partners lifted its position in S&P Global by 14.7% in the 2nd quarter. Innova Wealth Partners now owns 469 shares of the business services provider’s stock valued at $247,000 after acquiring an additional 60 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in S&P Global by 9.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,822 shares of the business services provider’s stock valued at $3,070,000 after acquiring an additional 516 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in S&P Global by 8.3% in the 2nd quarter. Equitable Trust Co. now owns 22,959 shares of the business services provider’s stock valued at $12,106,000 after acquiring an additional 1,752 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 0.4%

Shares of NYSE:SPGI opened at $473.76 on Friday. The company’s 50-day moving average price is $521.74 and its two-hundred day moving average price is $513.25. 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 one year low of $427.14 and a one year high of $579.05. The stock has a market capitalization of $144.64 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its 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 for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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 $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research reports. BMO Capital Markets cut their price objective on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. UBS Group boosted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Finally, Barclays boosted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $614.23.

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.