Beverly Hills Private Wealth LLC Has $1.20 Million Position in S&P Global Inc. $SPGI

Beverly Hills Private Wealth LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,278 shares of the business services provider’s stock after selling 117 shares during the period. Beverly Hills Private Wealth LLC’s holdings in S&P Global were worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global in the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BMO Capital Markets cut their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a report on Thursday. Evercore ISI lifted their price objective on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Barclays increased their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $614.23.

S&P Global Price Performance

S&P Global stock opened at $473.76 on Monday. The stock has a market capitalization of $144.64 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.50 and a beta of 1.19. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50 day moving average price is $521.74 and its two-hundred day moving average price is $513.42.

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

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. 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 is 29.54%.

S&P Global 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.