WealthPlan Investment Management LLC Boosts Stake in S&P Global Inc. $SPGI

WealthPlan Investment Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 24.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,297 shares of the business services provider’s stock after buying an additional 2,051 shares during the quarter. WealthPlan Investment Management LLC’s holdings in S&P Global were worth $5,429,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC acquired a new stake in S&P Global during the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the second quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the first quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted 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. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Barclays raised their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI raised their target price 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. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $615.69.

S&P Global Stock Performance

NYSE:SPGI opened at $482.74 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $147.38 billion, a P/E ratio of 37.13, a P/E/G ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm’s 50 day moving average is $525.15 and its two-hundred day moving average is $513.76.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share 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. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid 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 of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 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.