S&P Global Inc. $SPGI Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 7.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,469 shares of the business services provider’s stock after purchasing an additional 1,116 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in S&P Global were worth $8,157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Divergent Planning LLC acquired a new position in S&P Global in the second quarter valued at approximately $303,000. Dynamic Advisor Solutions LLC boosted its holdings in S&P Global by 6.3% in the second 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 in the last quarter. SCS Capital Management LLC acquired a new position in S&P Global in the first quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC boosted its holdings in S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC acquired a new position in S&P Global in the second quarter valued at approximately $975,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $489.02 on Monday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month 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 business has a 50 day simple moving average of $514.03 and a 200-day simple moving average of $514.59. The stock has a market capitalization of $149.30 billion, a PE 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 released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS 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 during the quarter. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SPGI. BMO Capital Markets lowered their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Friday. Evercore ISI increased their price objective on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $614.23.

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.