NewSquare Capital LLC Boosts Stake in S&P Global Inc. $SPGI

NewSquare Capital LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 83.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248 shares of the business services provider’s stock after buying an additional 113 shares during the quarter. NewSquare Capital LLC’s holdings in S&P Global were worth $131,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SPGI. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Costello Asset Management INC acquired a new position in S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the second quarter worth $26,000. CBIZ Investment Advisory Services LLC raised its holdings in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Finally, eCIO Inc. acquired a new position in S&P Global during the first quarter worth $32,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPGI shares. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Citigroup lifted 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. Stifel Nicolaus reduced their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $538.00 target price on shares of S&P Global in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $612.38.

S&P Global Stock Performance

NYSE SPGI opened at $499.59 on Wednesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a market cap of $152.53 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The business has a fifty day moving average of $505.31 and a 200-day moving average of $516.16. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released 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 return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion during the quarter. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 paid 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 presently 27.93%.

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.