S&P Global Inc. $SPGI Stock Holdings Increased by GDS Wealth Management

GDS Wealth Management grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% in the second quarter, Holdings Channel.com reports. The fund owned 32,036 shares of the business services provider’s stock after buying an additional 1,228 shares during the quarter. GDS Wealth Management’s holdings in S&P Global were worth $16,892,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter valued at $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC bought a new stake in S&P Global in the second quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of S&P Global by 103.3% in the 1st 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 last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.1%

NYSE SPGI opened at $490.69 on Thursday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market cap of $148.58 billion, a PE ratio of 37.75, a PEG ratio of 2.50 and a beta of 1.17. The firm has a 50-day simple moving average of $494.30 and a 200 day simple moving average of $516.81. 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 results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) 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 for the quarter. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Mizuho raised their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $613.00.

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.