Ashton Thomas Private Wealth LLC Grows Position in S&P Global Inc. $SPGI

Ashton Thomas Private Wealth LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,469 shares of the business services provider’s stock after acquiring an additional 1,116 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in S&P Global were worth $8,157,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SPGI. Valeo Financial Advisors LLC raised its position in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. Nuveen LLC purchased a new position in S&P Global in the first quarter worth $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after acquiring an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after acquiring an additional 614,809 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after acquiring an additional 210,373 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.3%

SPGI opened at $489.02 on Monday. 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 firm has a market cap 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 Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business’s fifty day simple moving average is $514.03 and its 200 day simple moving average is $514.59.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid 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 dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPGI. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. BMO Capital Markets dropped their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research report on Thursday, October 16th. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average 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.