Steward Partners Investment Advisory LLC Buys 2,218 Shares of S&P Global Inc. $SPGI

Steward Partners Investment Advisory LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 5.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 39,810 shares of the business services provider’s stock after purchasing an additional 2,218 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in S&P Global were worth $20,992,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after acquiring an additional 315,916 shares in the last quarter. Geode Capital Management LLC boosted its stake in S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after purchasing an additional 114,843 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after buying an additional 3,163,938 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after buying an additional 614,809 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.9%

SPGI stock opened at $489.35 on Tuesday. The stock has a market capitalization of $148.17 billion, a P/E ratio of 37.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. 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 firm has a 50-day moving average price of $490.98 and a 200-day moving average price of $516.59. 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 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 net margin of 27.30% and a return on equity of 15.11%. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPGI. Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Evercore ISI raised their price objective on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Morgan Stanley raised their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.