Delta Asset Management LLC TN Has $66.38 Million Stock Position in S&P Global Inc. $SPGI

Delta Asset Management LLC TN decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 125,890 shares of the business services provider’s stock after selling 384 shares during the quarter. S&P Global accounts for about 5.8% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 2nd biggest position. Delta Asset Management LLC TN’s holdings in S&P Global were worth $66,381,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Brighton Jones LLC raised its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in S&P Global during the 1st quarter worth $430,000. OneAscent Family Office LLC bought a new position in S&P Global in the 1st quarter valued at $216,000. Elyxium Wealth LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at $270,000. Finally, CBIZ Investment Advisory Services LLC raised its position 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 acquiring an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPGI. Stifel Nicolaus dropped their target price 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. Morgan Stanley lifted their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Evercore ISI raised their target price on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Mizuho upped their price target 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Trading Down 1.8%

NYSE SPGI opened at $493.97 on Monday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. 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 firm has a market cap of $149.58 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.50 and a beta of 1.17. The stock’s 50-day moving average is $497.60 and its 200-day moving average is $517.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 return on equity of 15.11% and a net margin of 27.30%. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) 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.