S&P Global Inc. $SPGI Shares Purchased by GDS Wealth Management

GDS Wealth Management grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,036 shares of the business services provider’s stock after acquiring an additional 1,228 shares during the period. GDS Wealth Management’s holdings in S&P Global were worth $16,892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Costello Asset Management INC bought a new position in shares of S&P Global during the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global during the 2nd quarter worth approximately $26,000. MTM Investment Management LLC acquired a new position in shares of S&P Global in the 2nd quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPGI. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday. BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Evercore ISI boosted their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $613.00.

S&P Global Price Performance

Shares of NYSE SPGI opened at $490.69 on Thursday. The stock has a market cap of $148.58 billion, a P/E ratio of 37.75, a P/E/G ratio of 2.50 and a beta of 1.17. The firm’s 50-day simple moving average is $494.30 and its 200 day simple moving average is $516.81. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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