Rothschild & Co Wealth Management UK Ltd Purchases 18,930 Shares of S&P Global Inc. $SPGI

Rothschild & Co Wealth Management UK Ltd raised its position in S&P Global Inc. (NYSE:SPGI) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,035,235 shares of the business services provider’s stock after buying an additional 18,930 shares during the quarter. S&P Global makes up approximately 8.1% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 7th biggest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.34% of S&P Global worth $545,869,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter valued at $26,000. Costello Asset Management INC acquired a new position in S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global in the second quarter valued at about $26,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 buying an additional 31 shares during the period. Finally, eCIO Inc. acquired a new stake in shares of S&P Global during the first quarter worth about $32,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $489.95 on Friday. 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 one year low of $427.14 and a one year high of $579.05. The firm has a market capitalization of $148.36 billion, a P/E ratio of 37.69, a PEG ratio of 2.50 and a beta of 1.17. The company’s fifty day moving average is $503.10 and its two-hundred day moving average is $515.85.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. Analysts forecast that S&P Global Inc. will post 17.11 EPS 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 issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is 27.93%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho lifted their target price 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. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Finally, 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 report on Thursday, July 31st. 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 MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $612.38.

S&P Global Company 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.