S&P Global Inc. $SPGI Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,472 shares of the business services provider’s stock after buying an additional 429 shares during the period. Allworth Financial LP’s holdings in S&P Global were worth $1,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC purchased a new position in S&P Global in the first quarter valued at $26,000. Costello Asset Management INC acquired a new stake in S&P Global in the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the 2nd quarter valued at about $26,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of S&P Global by 103.3% in the 1st 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 during the period. Finally, eCIO Inc. purchased a new position in shares of S&P Global in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.4%

SPGI opened at $502.71 on Friday. S&P Global Inc. has a one year low of $427.14 and a one year 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. The stock has a market capitalization of $152.22 billion, a P/E ratio of 38.67, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The business’s 50-day simple moving average is $498.47 and its 200-day simple moving average is $516.80.

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. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 currently 27.93%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and set a $538.00 target price on shares of S&P Global in a research note on Friday, October 31st. Barclays boosted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company raised their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Mizuho boosted their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $612.38.

About S&P Global

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.