S&P Global Inc. (NYSE:SPGI) Shares Purchased by Claro Advisors LLC

Claro Advisors LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.8% during the first quarter, Holdings Channel reports. The institutional investor owned 2,160 shares of the business services provider’s stock after acquiring an additional 192 shares during the period. Claro Advisors LLC’s holdings in S&P Global were worth $919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Wealth Management Group LLC purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global during the fourth quarter worth $26,000. Valued Wealth Advisors LLC acquired a new stake in S&P Global in the fourth quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group raised its stake in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA grew its stake in S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $446.32 on Tuesday. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50 day moving average price of $431.45 and a 200 day moving average price of $431.72. The company has a market cap of $139.65 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 2.48 and a beta of 1.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Sell-side analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.82%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPGI shares. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, June 21st. Stifel Nicolaus increased their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Barclays boosted their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $468.33.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.