Global Retirement Partners LLC Takes Position in S&P Global Inc. $SPGI

Global Retirement Partners LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,431 shares of the business services provider’s stock, valued at approximately $1,282,000.

Several other large investors have also made changes to their positions in the company. Cheviot Value Management LLC bought a new position in S&P Global in the first quarter valued at approximately $26,000. Costello Asset Management INC acquired a new position in S&P Global in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global during the 2nd quarter worth approximately $26,000. MTM Investment Management LLC bought a new stake in shares of S&P Global during the second quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% during 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a report on Friday, November 14th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Evercore ISI upped their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Mizuho raised their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Stock Up 0.5%

SPGI stock opened at $496.44 on Thursday. The stock has a market capitalization of $150.32 billion, a P/E ratio of 38.19, a price-to-earnings-growth 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. The firm has a 50-day moving average price of $489.09 and a 200-day moving average price of $516.36. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

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

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s 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.