S&P Global Inc. $SPGI Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 105.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,636 shares of the business services provider’s stock after buying an additional 838 shares during the period. Savvy Advisors Inc.’s holdings in S&P Global were worth $863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the 2nd quarter worth $26,000. CBIZ Investment Advisory Services LLC boosted its stake in 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 worth $31,000 after purchasing an additional 31 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in shares of S&P Global during the first quarter worth $32,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 3.7%

SPGI stock opened at $490.53 on Friday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $149.76 billion, a PE ratio of 37.73, a PEG ratio of 2.50 and a beta of 1.19. The firm’s 50 day moving average price is $508.81 and its 200-day moving average price is $514.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

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 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 during the quarter. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Citigroup upped their price target 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. Finally, UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.