Divergent Planning LLC Takes Position in S&P Global Inc. $SPGI

Divergent Planning LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel reports. The institutional investor purchased 575 shares of the business services provider’s stock, valued at approximately $303,000.

Other large investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. boosted its position in S&P Global by 3.3% during the 2nd quarter. Pittenger & Anderson Inc. now owns 51,734 shares of the business services provider’s stock worth $27,279,000 after acquiring an additional 1,651 shares during the period. Phoenix Financial Ltd. purchased a new stake in shares of S&P Global in the second quarter worth approximately $1,349,000. DekaBank Deutsche Girozentrale lifted its position in shares of S&P Global by 11.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 221,303 shares of the business services provider’s stock worth $115,410,000 after purchasing an additional 23,546 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of S&P Global by 4.0% during the second quarter. Bogart Wealth LLC now owns 26,175 shares of the business services provider’s stock worth $13,802,000 after purchasing an additional 1,017 shares during the period. Finally, Canvas Wealth Advisors LLC grew its position in S&P Global by 3.7% during the second quarter. Canvas Wealth Advisors LLC now owns 645 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 23 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SPGI shares. Barclays lifted 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 note on Thursday, July 31st. Evercore ISI lifted their price objective on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Wells Fargo & Company upped their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. BMO Capital Markets reduced their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $614.23.

S&P Global Price Performance

Shares of SPGI stock opened at $477.73 on Tuesday. The company has a market capitalization of $145.85 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.50 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a 50 day moving average of $520.17 and a two-hundred day moving average of $513.60. 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 (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 return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion during the quarter. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued 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 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.