Solstein Capital LLC Takes $38,000 Position in S&P Global Inc. $SPGI

Solstein Capital LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel reports. The fund bought 73 shares of the business services provider’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the 1st quarter valued at approximately $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global during the 2nd quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the 1st quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SPGI shares. Wells Fargo & Company increased their target price 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. Barclays raised their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Morgan Stanley raised their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Finally, Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a 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, the stock presently has a consensus rating of “Buy” and an average target price of $614.23.

S&P Global Stock Up 1.5%

NYSE SPGI opened at $496.57 on Tuesday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week 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 fifty day simple moving average is $512.94 and its 200-day simple moving average is $514.74. The firm has a market cap of $151.60 billion, a PE ratio of 38.20, a P/E/G ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share 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 given a dividend of $0.96 per share. 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 (DPR) is currently 29.54%.

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.