Solstein Capital LLC Purchases Shares of 73 S&P Global Inc. $SPGI

Solstein Capital LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 73 shares of the business services provider’s stock, valued at approximately $38,000.

Several other hedge funds have also modified their holdings of SPGI. Divergent Planning LLC acquired a new position in shares of S&P Global during the second quarter valued at about $303,000. Dynamic Advisor Solutions LLC increased its holdings in shares of S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after acquiring an additional 733 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of S&P Global during the first quarter valued at about $240,000. Foster Victor Wealth Advisors LLC increased its holdings in shares of S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC acquired a new position in shares of S&P Global during the second quarter valued at about $975,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. 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 report on Friday, September 19th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Barclays upped their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Morgan Stanley increased their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Finally, Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two equities 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, S&P Global currently has an average rating of “Buy” and an average price target of $614.23.

S&P Global Price Performance

Shares of NYSE SPGI opened at $496.57 on Tuesday. The stock has a market capitalization of $151.60 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.59 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 firm’s 50 day simple moving average is $512.94 and its 200-day simple moving average is $514.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business 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%. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 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.