Alpine Woods Capital Investors LLC Increases Stake in S&P Global Inc. $SPGI

Alpine Woods Capital Investors LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,275 shares of the business services provider’s stock after acquiring an additional 106 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in S&P Global were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after acquiring an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of S&P Global by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after purchasing an additional 114,843 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of S&P Global by 70,734.1% in the second 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. Price T Rowe Associates Inc. MD grew its holdings in shares of S&P Global by 26.4% in the first 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, Goldman Sachs Group Inc. grew its holdings in shares of S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock worth $1,403,468,000 after purchasing an additional 97,324 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SPGI shares. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley upped their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $614.85.

S&P Global Stock Down 1.4%

Shares of S&P Global stock opened at $479.18 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm’s 50-day moving average is $528.26 and its two-hundred day moving average is $514.17. The stock has a market cap of $146.29 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its 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 net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion for the quarter. As a group, research 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) 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.