Wealthfront Advisers LLC Purchases 2,391 Shares of S&P Global Inc. $SPGI

Wealthfront Advisers LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,727 shares of the business services provider’s stock after acquiring an additional 2,391 shares during the quarter. Wealthfront Advisers LLC’s holdings in S&P Global were worth $21,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. GAMMA Investing LLC grew its stake in S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after buying an additional 708 shares during the last quarter. Golden State Wealth Management LLC grew its stake in S&P Global by 543.9% during the 1st quarter. Golden State Wealth Management LLC now owns 631 shares of the business services provider’s stock worth $321,000 after buying an additional 533 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in S&P Global by 19.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,003 shares of the business services provider’s stock valued at $3,558,000 after buying an additional 1,148 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its stake in S&P Global by 11.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 704 shares of the business services provider’s stock valued at $358,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.3%

NYSE:SPGI opened at $489.02 on Friday. 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’s fifty day moving average price is $514.03 and its 200-day moving average price is $514.31. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market capitalization of $149.30 billion, a P/E ratio of 37.62, a PEG ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted 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 during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on SPGI. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. UBS Group upped their price target 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. Evercore ISI lifted their price objective on shares of S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.