Cerity Partners LLC Raises Position in S&P Global Inc. $SPGI

Cerity Partners LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 11.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,357 shares of the business services provider’s stock after purchasing an additional 19,915 shares during the period. Cerity Partners LLC owned approximately 0.06% of S&P Global worth $102,482,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global in the second quarter worth $26,000. MTM Investment Management LLC purchased a new stake in shares of S&P Global in the second quarter valued at $27,000. CBIZ Investment Advisory Services LLC lifted its holdings 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 worth $31,000 after acquiring an additional 31 shares during the last quarter. eCIO Inc. purchased a new position in shares of S&P Global during the 1st quarter worth about $32,000. Finally, Activest Wealth Management boosted its stake in shares of S&P Global by 3,250.0% during the 1st quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock worth $34,000 after purchasing an additional 65 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.3%

Shares of NYSE SPGI opened at $498.37 on Monday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a market capitalization of $150.91 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.59 and a beta of 1.19. The stock has a 50 day moving average price of $489.02 and a 200 day moving average price of $515.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company had revenue of $1.87 billion for the quarter. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. 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 payout ratio is presently 27.93%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research report on Friday, November 14th. Wells Fargo & Company upped 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. Stifel Nicolaus decreased their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Mizuho upped their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Citigroup increased their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average price target of $613.00.

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.