Stratos Wealth Advisors LLC Acquires 129 Shares of S&P Global Inc. $SPGI

Stratos Wealth Advisors LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 14.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 995 shares of the business services provider’s stock after buying an additional 129 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in S&P Global were worth $525,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new stake in S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC purchased a new stake in S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the second quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.4%

NYSE SPGI opened at $473.76 on Monday. The company’s 50-day moving average price is $521.74 and its 200-day moving average price is $513.42. 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 stock has a market cap of $144.64 billion, a PE ratio of 36.44, a PEG ratio of 2.50 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm 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%. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Oppenheimer increased their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. BMO Capital Markets reduced their target price on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, UBS Group increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $614.23.

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.