Stegent Equity Advisors Inc. Boosts Stake in S&P Global Inc. $SPGI

Stegent Equity Advisors Inc. raised its holdings in S&P Global Inc. (NYSE:SPGI) by 23.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 812 shares of the business services provider’s stock after purchasing an additional 153 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in S&P Global were worth $428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Foster Dykema Cabot & Partners LLC raised its position in S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares during the period. Foster Group Inc. raised its holdings in shares of S&P Global by 0.9% in the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 20 shares during the period. Quent Capital LLC raised its holdings in shares of S&P Global by 1.9% in the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after buying an additional 20 shares during the period. Integrated Investment Consultants LLC raised its holdings in shares of S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares during the period. Finally, Hemington Wealth Management raised its holdings in shares of S&P Global by 8.0% in the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock valued at $144,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several research analyst reports. Oppenheimer boosted their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Morgan Stanley boosted 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. Evercore ISI boosted their price objective on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and an average price target of $614.23.

S&P Global Trading Up 1.3%

SPGI opened at $489.02 on Friday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a market capitalization of $149.30 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day moving average price of $514.03 and a 200 day moving average price of $514.31.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm 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%. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given 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 of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 29.54%.

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.