Sequoia Financial Advisors LLC Has $4.49 Million Holdings in S&P Global Inc. $SPGI

Sequoia Financial Advisors LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 21.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,509 shares of the business services provider’s stock after acquiring an additional 1,506 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in S&P Global were worth $4,487,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SPGI. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in S&P Global in the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global in the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in S&P Global by 103.3% during the first 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. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPGI. Evercore ISI raised their price objective on shares of S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research report on Tuesday. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. 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, the stock currently has an average rating of “Buy” and an average price target of $615.69.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $486.76 on Wednesday. The firm has a 50 day moving average of $526.73 and a 200-day moving average of $513.98. The stock has a market capitalization of $148.61 billion, a PE ratio of 37.44, a PEG ratio of 2.54 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is 29.54%.

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.