Harfst & Associates Inc. Boosts Stock Position in S&P Global Inc. $SPGI

Harfst & Associates Inc. increased its position in S&P Global Inc. (NYSE:SPGI) by 141.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,944 shares of the business services provider’s stock after buying an additional 1,727 shares during the quarter. Harfst & Associates Inc.’s holdings in S&P Global were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in SPGI. Quadrant Capital Group LLC grew its holdings in shares of S&P Global by 22.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 8,449 shares of the business services provider’s stock valued at $4,455,000 after purchasing an additional 1,572 shares during the last quarter. Vinva Investment Management Ltd grew its stake in shares of S&P Global by 32.5% during the second quarter. Vinva Investment Management Ltd now owns 21,723 shares of the business services provider’s stock valued at $11,246,000 after buying an additional 5,326 shares during the last quarter. Choreo LLC grew its stake in shares of S&P Global by 0.6% during the second quarter. Choreo LLC now owns 24,651 shares of the business services provider’s stock valued at $12,998,000 after buying an additional 146 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of S&P Global by 72.6% in the second quarter. Northwest & Ethical Investments L.P. now owns 26,842 shares of the business services provider’s stock worth $14,148,000 after buying an additional 11,287 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of S&P Global by 6.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 787 shares of the business services provider’s stock valued at $415,000 after acquiring an additional 49 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $496.44 on Thursday. 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 has a market cap of $150.32 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.50 and a beta of 1.17. The business’s 50 day moving average price is $489.09 and its 200-day moving average price is $516.36. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last posted 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 company had revenue of $1.87 billion during the quarter. Equities research analysts anticipate 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 declared 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. 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 payout ratio is presently 27.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. Stifel Nicolaus decreased their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Mizuho lifted their target price on shares of 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 reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Wells Fargo & Company raised their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.