S&P Global Inc. $SPGI Holdings Lifted by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,035,235 shares of the business services provider’s stock after buying an additional 18,930 shares during the quarter. S&P Global accounts for approximately 8.1% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 7th largest position. Rothschild & Co Wealth Management UK Ltd’s holdings in S&P Global were worth $545,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of S&P Global by 4.7% during the 4th 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 during the period. U.S. Capital Wealth Advisors LLC grew its position in shares of S&P Global by 84.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,484 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 680 shares during the period. Stratos Investment Management LLC increased its stake in S&P Global by 20.1% in the first quarter. Stratos Investment Management LLC now owns 531 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 89 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in S&P Global by 1.0% during the first quarter. Stratos Wealth Partners LTD. now owns 9,319 shares of the business services provider’s stock worth $4,735,000 after buying an additional 92 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC boosted its stake in S&P Global by 35.6% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 11,468 shares of the business services provider’s stock worth $5,827,000 after buying an additional 3,011 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPGI. Stifel Nicolaus cut their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Evercore ISI boosted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Mizuho increased their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $612.38.

S&P Global Trading Down 1.4%

Shares of SPGI opened at $489.95 on Friday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a 50-day moving average price of $503.10 and a 200 day moving average price of $515.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $148.36 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last announced 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 for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal 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 given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is presently 27.93%.

About S&P Global

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.