S&P Global Inc. $SPGI Position Increased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 42.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 284 shares of the business services provider’s stock after purchasing an additional 84 shares during the quarter. Princeton Global Asset Management LLC’s holdings in S&P Global were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter worth approximately $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global in the second quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the first quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 1.0%

Shares of SPGI stock opened at $477.73 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 quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $520.17 and its two-hundred day moving average is $513.60. The company has a market cap of $145.85 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19.

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

S&P Global Dividend Announcement

The business 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 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%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. Barclays increased 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. Citigroup increased their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Evercore ISI increased their price objective on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company increased their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.