True Wealth Design LLC Raises Stock Holdings in S&P Global Inc. $SPGI

True Wealth Design LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 1,158.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151 shares of the business services provider’s stock after buying an additional 139 shares during the quarter. True Wealth Design LLC’s holdings in S&P Global were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its holdings in S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. Nuveen LLC purchased a new stake in S&P Global during the 1st quarter valued at approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of S&P Global by 70.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after buying an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after buying an additional 614,809 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after buying an additional 210,373 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 1.2%

Shares of NYSE:SPGI opened at $495.89 on Friday. The company has a market capitalization of $150.15 billion, a PE ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17. 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 12-month low of $427.14 and a 12-month high of $579.05. The business’s fifty day simple moving average is $502.04 and its 200-day simple moving average is $516.17.

S&P Global (NYSE:SPGI) last announced its 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 firm had revenue of $1.87 billion for the quarter. As a group, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date 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 is 27.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPGI shares. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Mizuho upped their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Stifel Nicolaus lowered their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $612.38.

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.