WealthPlan Investment Management LLC Has $4.63 Million Holdings in S&P Global Inc. (NYSE:SPGI)

WealthPlan Investment Management LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 66.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,959 shares of the business services provider’s stock after acquiring an additional 3,592 shares during the period. WealthPlan Investment Management LLC’s holdings in S&P Global were worth $4,629,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Dupont Capital Management Corp raised its position in S&P Global by 27.1% during the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock valued at $12,019,000 after purchasing an additional 6,025 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of S&P Global by 43.5% during the 1st quarter. Atomi Financial Group Inc. now owns 802 shares of the business services provider’s stock worth $341,000 after purchasing an additional 243 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of S&P Global by 15.3% during the 1st quarter. Meeder Asset Management Inc. now owns 580 shares of the business services provider’s stock worth $247,000 after purchasing an additional 77 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of S&P Global by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,935 shares of the business services provider’s stock worth $3,801,000 after purchasing an additional 317 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in S&P Global by 2.2% in the 1st quarter. Bleakley Financial Group LLC now owns 6,521 shares of the business services provider’s stock valued at $2,774,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Bank of America lifted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus boosted their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Up 0.9 %

NYSE SPGI opened at $507.34 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $157.43 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a 50 day moving average price of $510.95 and a 200 day moving average price of $477.05. S&P Global Inc. has a 52 week low of $392.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.