D.A. Davidson & CO. Buys 56,747 Shares of S&P Global Inc. $SPGI

D.A. Davidson & CO. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 51.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,259 shares of the business services provider’s stock after purchasing an additional 56,747 shares during the quarter. D.A. Davidson & CO.’s holdings in S&P Global were worth $88,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its holdings in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares during the last quarter. Nuveen LLC bought a new position in shares of S&P Global during the first quarter worth about $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after acquiring an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of S&P Global by 37.9% in the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after purchasing an additional 210,373 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPGI. Oppenheimer boosted their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Evercore ISI increased their target price on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $614.23.

S&P Global Stock Up 1.3%

SPGI opened at $483.85 on Wednesday. The company has a market cap of $147.72 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.52 and a beta of 1.19. The company has a 50 day moving average of $518.66 and a 200 day moving average of $513.40. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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 for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion during 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is 29.54%.

S&P Global 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.