Parallel Advisors LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 38.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,284 shares of the business services provider’s stock after buying an additional 2,280 shares during the quarter. Parallel Advisors LLC’s holdings in S&P Global were worth $3,524,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes 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. Sivia Capital Partners LLC grew its holdings in shares of S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of S&P Global by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after purchasing an additional 88,526 shares during the last quarter. Jump Financial LLC bought a new position in shares of S&P Global in the second quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC raised its stake in S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after purchasing an additional 472 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.
S&P Global Trading Down 0.6%
Shares of SPGI opened at $410.13 on Thursday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The firm has a market cap of $120.91 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.86 and a beta of 1.07. The firm has a 50 day moving average price of $423.79 and a 200-day moving average price of $434.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.
S&P Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 23.69%.
Analyst Ratings Changes
Several equities research analysts have issued reports on SPGI shares. Daiwa Securities Group dropped their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Jefferies Financial Group raised their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company dropped their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Wall Street Zen raised S&P Global to a “hold” rating in a research note on Saturday, July 4th. Finally, Bank of America lowered their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $523.59.
View Our Latest Stock Analysis on SPGI
S&P Global Company Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
Further Reading
- Five stocks we like better than S&P Global
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI – Free Report).
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.
