Principle Wealth Partners LLC Has $684,000 Stock Position in S&P Global Inc. $SPGI

Principle Wealth Partners LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,297 shares of the business services provider’s stock after buying an additional 109 shares during the period. Principle Wealth Partners LLC’s holdings in S&P Global were worth $684,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Forum Financial Management LP increased its holdings in S&P Global by 4.0% in the 2nd quarter. Forum Financial Management LP now owns 3,098 shares of the business services provider’s stock worth $1,634,000 after purchasing an additional 120 shares in the last quarter. Ethic Inc. increased its holdings in S&P Global by 1.3% in the 2nd quarter. Ethic Inc. now owns 51,486 shares of the business services provider’s stock worth $26,655,000 after purchasing an additional 655 shares in the last quarter. Caliber Wealth Management LLC KS increased its holdings in S&P Global by 0.7% in the 2nd quarter. Caliber Wealth Management LLC KS now owns 3,404 shares of the business services provider’s stock worth $1,795,000 after purchasing an additional 22 shares in the last quarter. Birch Hill Investment Advisors LLC increased its holdings in S&P Global by 1.2% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 105,119 shares of the business services provider’s stock worth $55,428,000 after purchasing an additional 1,197 shares in the last quarter. Finally, Members Trust Co increased its holdings in S&P Global by 12.5% in the 2nd quarter. Members Trust Co now owns 2,438 shares of the business services provider’s stock worth $1,286,000 after purchasing an additional 271 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.6%

Shares of SPGI stock opened at $482.60 on Friday. The stock has a market cap of $147.34 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.53 and a beta of 1.19. The stock has a 50-day moving average of $515.37 and a 200-day moving average of $513.48. 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 Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last announced 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 company had revenue of $1.87 billion for the quarter. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share 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. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 29.54%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPGI. 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 report on Friday, September 19th. UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. BMO Capital Markets decreased their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research note on Thursday, October 16th. Barclays increased their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.