True Wealth Design LLC Grows Stock Position in S&P Global Inc. $SPGI

True Wealth Design LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 1,158.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151 shares of the business services provider’s stock after buying an additional 139 shares during the period. True Wealth Design LLC’s holdings in S&P Global were worth $80,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter valued at approximately $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global in the second quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. Finally, eCIO Inc. acquired a new position in S&P Global during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $495.89 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $502.04 and a 200-day simple moving average of $516.17. The company has a market cap of $150.15 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last released 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 firm had revenue of $1.87 billion during the quarter. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS 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 issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. Morgan Stanley increased 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. Barclays upped 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. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus reduced 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. Finally, Wells Fargo & Company lifted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $612.38.

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.