Resonant Capital Advisors LLC Buys 572 Shares of S&P Global Inc. $SPGI

Resonant Capital Advisors LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 10.1% during the 2nd quarter, Holdings Channel reports. The firm owned 6,217 shares of the business services provider’s stock after buying an additional 572 shares during the quarter. Resonant Capital Advisors LLC’s holdings in S&P Global were worth $3,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cheviot Value Management LLC bought a new position in S&P Global during the first quarter valued at $26,000. Costello Asset Management INC bought a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global in the second quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global during the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in S&P Global by 103.3% in the first 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. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $489.02 on Friday. The business has a fifty day moving average of $514.03 and a 200 day moving average of $514.31. S&P Global Inc. has a 1 year low of $427.14 and a 1 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 capitalization of $149.30 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 business had revenue of $1.87 billion for the quarter. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is 29.54%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SPGI shares. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Mizuho raised their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. BMO Capital Markets reduced their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $614.23.

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.