Canvas Wealth Advisors LLC Buys 23 Shares of S&P Global Inc. $SPGI

Canvas Wealth Advisors LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 645 shares of the business services provider’s stock after purchasing an additional 23 shares during the period. Canvas Wealth Advisors LLC’s holdings in S&P Global were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SPGI. Stegent Equity Advisors Inc. increased its holdings in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after acquiring an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its position in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after purchasing an additional 20 shares during the period. Foster Group Inc. increased its stake in shares of S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 20 shares in the last quarter. Quent Capital LLC raised its position in shares of S&P Global by 1.9% in the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after purchasing an additional 20 shares during the period. Finally, Integrated Investment Consultants LLC lifted its stake in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.4%

Shares of SPGI stock opened at $473.76 on Monday. The company has a market capitalization of $144.64 billion, a PE ratio of 36.44, a price-to-earnings-growth 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 business’s fifty day moving average is $521.74 and its 200 day moving average is $513.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last posted its earnings results 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 business had revenue of $1.87 billion during the quarter. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 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%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SPGI shares. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Citigroup increased their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, BMO Capital Markets cut their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research note on Thursday. 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, S&P Global has a consensus rating of “Buy” and a consensus price target of $614.23.

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.