Lafayette Investments Inc. Has $441,000 Stock Position in S&P Global Inc. $SPGI

Lafayette Investments Inc. increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 837 shares of the business services provider’s stock after purchasing an additional 70 shares during the period. Lafayette Investments Inc.’s holdings in S&P Global were worth $441,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the 1st quarter valued at about $26,000. Costello Asset Management INC bought a new stake in S&P Global in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the second quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global during the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.0%

Shares of S&P Global stock opened at $477.73 on Tuesday. The firm has a market cap of $145.85 billion, a PE ratio of 36.75, a P/E/G ratio of 2.50 and a beta of 1.19. The business’s 50 day simple moving average is $520.17 and its 200 day simple moving average is $513.60. 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 Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last issued 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 during the quarter. On average, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is 29.54%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPGI. Evercore ISI raised 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. UBS Group raised their price target 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. Morgan Stanley boosted their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. BMO Capital Markets lowered 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. Finally, Oppenheimer lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $614.23.

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.