AlTi Global Inc. Decreases Stock Holdings in S&P Global Inc. $SPGI

AlTi Global Inc. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,080 shares of the business services provider’s stock after selling 115 shares during the quarter. AlTi Global Inc.’s holdings in S&P Global were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Divergent Planning LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC increased its position in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares during the last quarter. SCS Capital Management LLC purchased a new stake in shares of S&P Global during the 1st quarter valued at about $240,000. Foster Victor Wealth Advisors LLC increased its position in shares of S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $975,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.3%

SPGI stock opened at $489.02 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $149.30 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.55 and a beta of 1.19. The business has a 50 day simple moving average of $514.03 and a two-hundred day simple moving average of $513.81.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion during the quarter. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal 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 paid a $0.96 dividend. 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 is presently 29.54%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SPGI shares. Morgan Stanley upped their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. UBS Group increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. BMO Capital Markets reduced their target price on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $614.23.

S&P Global Company 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.