Tranquility Partners LLC Has $1.35 Million Stock Position in S&P Global Inc. $SPGI

Tranquility Partners LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 8.4% during the 2nd quarter, Holdings Channel reports. The firm owned 2,563 shares of the business services provider’s stock after buying an additional 199 shares during the period. Tranquility Partners LLC’s holdings in S&P Global were worth $1,351,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SPGI. Valeo Financial Advisors LLC increased its position in shares of S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares during the last quarter. Nuveen LLC acquired a new position in shares of S&P Global during the 1st quarter worth approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after purchasing an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of S&P Global by 37.9% during the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after purchasing an additional 210,373 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $486.39 on Friday. 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 stock’s fifty day moving average price is $529.93 and its two-hundred day moving average price is $514.29. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $148.49 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued 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 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SPGI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $614.85.

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.