S&P Global Inc. $SPGI Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,817 shares of the business services provider’s stock after buying an additional 325 shares during the quarter. NorthRock Partners LLC’s holdings in S&P Global were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the first quarter valued at $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global during the second quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus price target of $614.85.

S&P Global Stock Performance

SPGI opened at $486.39 on Monday. The company has a market cap of $148.49 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. The stock has a 50-day moving average of $529.93 and a 200-day moving average of $514.33. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. 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 released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is 29.54%.

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.