Compass Capital Management Inc. Invests $1.57 Million in S&P Global Inc. $SPGI

Compass Capital Management Inc. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,976 shares of the business services provider’s stock, valued at approximately $1,569,000.

Other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its position in S&P Global by 4.2% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,874 shares of the business services provider’s stock valued at $1,054,000 after acquiring an additional 75 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of S&P Global by 0.4% during the 2nd quarter. ProShare Advisors LLC now owns 410,393 shares of the business services provider’s stock worth $216,396,000 after purchasing an additional 1,573 shares during the last quarter. King Luther Capital Management Corp boosted its position in S&P Global by 2.1% during the second quarter. King Luther Capital Management Corp now owns 148,315 shares of the business services provider’s stock valued at $78,205,000 after purchasing an additional 3,051 shares in the last quarter. PFG Advisors grew its stake in S&P Global by 16.7% in the second quarter. PFG Advisors now owns 11,489 shares of the business services provider’s stock valued at $6,058,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in S&P Global by 4.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,102 shares of the business services provider’s stock worth $581,000 after purchasing an additional 48 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $495.89 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $502.04 and its 200-day moving average price is $516.84. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market capitalization of $150.15 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued 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 payout ratio is 27.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SPGI shares. Wells Fargo & Company boosted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Citigroup lifted 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. Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. BMO Capital Markets reissued an “outperform” rating and issued a $538.00 price objective on shares of S&P Global in a research report on Friday, October 31st. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $612.38.

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.