Hibernia Wealth Partners LLC Invests $334,000 in S&P Global Inc. $SPGI

Hibernia Wealth Partners LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent filing with the SEC. The firm acquired 634 shares of the business services provider’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% in the 1st 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 period. Finally, eCIO Inc. purchased a new position in S&P Global in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Stifel Nicolaus cut their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Evercore ISI increased their price target on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, Barclays upped their price target 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 investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $612.38.

S&P Global Stock Up 1.4%

S&P Global stock opened at $502.71 on Friday. 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 Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a fifty day moving average price of $498.47 and a two-hundred day moving average price of $516.80. The firm has a market cap of $152.22 billion, a price-to-earnings ratio of 38.67, a P/E/G ratio of 2.50 and a beta of 1.17.

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

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

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.