Rathbones Group PLC Buys 23,056 Shares of S&P Global Inc. $SPGI

Rathbones Group PLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 612,919 shares of the business services provider’s stock after purchasing an additional 23,056 shares during the period. S&P Global accounts for approximately 1.4% of Rathbones Group PLC’s holdings, making the stock its 16th biggest position. Rathbones Group PLC owned 0.20% of S&P Global worth $323,186,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position 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 valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Allworth Financial LP raised its stake in S&P Global by 4.7% during the first quarter. Allworth Financial LP now owns 2,043 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 92 shares in the last quarter. Alps Advisors Inc. lifted its position in S&P Global by 5.3% during the first quarter. Alps Advisors Inc. now owns 10,047 shares of the business services provider’s stock valued at $5,105,000 after purchasing an additional 510 shares during the last quarter. MJP Associates Inc. ADV grew its stake in shares of S&P Global by 4.7% in the 1st quarter. MJP Associates Inc. ADV now owns 734 shares of the business services provider’s stock worth $373,000 after buying an additional 33 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in shares of S&P Global by 1.1% in the 1st quarter. SteelPeak Wealth LLC now owns 2,484 shares of the business services provider’s stock worth $1,262,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $495.89 on Friday. The stock has a 50 day moving average price of $502.04 and a 200 day moving average price of $516.52. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. 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 firm has a market capitalization of $150.15 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 27.93%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SPGI shares. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Barclays boosted their target price 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. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $538.00 price objective on shares of S&P Global in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average price target of $612.38.

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.