Laurel Wealth Advisors LLC Buys 13,646 Shares of S&P Global Inc. $SPGI

Laurel Wealth Advisors LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 21,321.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,710 shares of the business services provider’s stock after buying an additional 13,646 shares during the period. Laurel Wealth Advisors LLC’s holdings in S&P Global were worth $7,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. increased its position in shares of S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after acquiring an additional 850 shares during the last quarter. Divergent Planning LLC purchased a new position in S&P Global in the second quarter worth $303,000. Vanguard Group Inc. grew its stake in S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares during the last quarter. Finally, SCS Capital Management LLC purchased a new stake in shares of S&P Global during the 1st quarter valued at $240,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SPGI shares. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus lowered 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. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Mizuho lifted their price target 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. Finally, Morgan Stanley upped their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $613.00.

S&P Global Stock Up 0.5%

SPGI opened at $496.44 on Thursday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market cap of $150.32 billion, a PE 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 company has a 50 day moving average of $489.09 and a 200 day moving average of $516.36.

S&P Global (NYSE:SPGI) last posted its 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 return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS 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 is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

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.