634 Shares in S&P Global Inc. $SPGI Purchased by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the second quarter, HoldingsChannel.com reports. The fund bought 634 shares of the business services provider’s stock, valued at approximately $334,000.

Other hedge funds have also added to or reduced their stakes in the company. Divergent Planning LLC bought a new position in S&P Global in the second quarter valued at about $303,000. Dynamic Advisor Solutions LLC lifted its stake in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after acquiring an additional 733 shares during the period. SCS Capital Management LLC bought a new stake in S&P Global during the first quarter valued at $240,000. Foster Victor Wealth Advisors LLC boosted its holdings in shares of S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $975,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $502.71 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month 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 stock’s 50 day moving average is $498.47 and its 200 day moving average is $516.80. The company has a market capitalization of $152.22 billion, a P/E ratio of 38.67, a PEG ratio of 2.50 and a beta of 1.17.

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 (EPS) for the quarter. The business 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%. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company 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 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 yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Analysts Set New Price Targets

Several brokerages have weighed in on SPGI. Evercore ISI raised their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Citigroup upped their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $538.00 price target on shares of S&P Global in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $612.38.

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.