Quilter Plc Buys 15,345 Shares of S&P Global Inc. $SPGI

Quilter Plc raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,121 shares of the business services provider’s stock after acquiring an additional 15,345 shares during the period. S&P Global makes up about 1.4% of Quilter Plc’s investment portfolio, making the stock its 24th largest position. Quilter Plc’s holdings in S&P Global were worth $77,048,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Emerald Advisers LLC lifted its stake in shares of S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after buying an additional 18 shares during the period. Fullcircle Wealth LLC grew its stake in S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 18 shares in the last quarter. Summitry LLC raised its holdings in S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 18 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after purchasing an additional 20 shares in the last quarter. Finally, Foster Group Inc. boosted its holdings in shares of S&P Global by 0.9% during the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.1%

Shares of SPGI stock opened at $490.69 on Thursday. The business’s fifty day moving average price is $494.30 and its 200 day moving average price is $516.81. The firm has a market capitalization of $148.58 billion, a PE ratio of 37.75, a P/E/G ratio of 2.50 and a beta of 1.17. 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 1-year low of $427.14 and a 1-year high of $579.05.

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. The company had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS 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 given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SPGI shares. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Evercore ISI lifted their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday. Finally, BMO Capital Markets set a $546.00 price target on S&P Global in a research note on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $613.00.

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.