Capital Advisors Ltd. LLC Acquires 26 Shares of S&P Global Inc. (NYSE:SPGI)

Capital Advisors Ltd. LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 765 shares of the business services provider’s stock after purchasing an additional 26 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in S&P Global were worth $326,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oak Thistle LLC boosted its position in S&P Global by 4.6% in the first quarter. Oak Thistle LLC now owns 1,161 shares of the business services provider’s stock valued at $494,000 after buying an additional 51 shares in the last quarter. Park Place Capital Corp raised its stake in S&P Global by 54.7% during the first quarter. Park Place Capital Corp now owns 1,083 shares of the business services provider’s stock worth $461,000 after buying an additional 383 shares during the last quarter. Claro Advisors LLC raised its stake in S&P Global by 9.8% during the first quarter. Claro Advisors LLC now owns 2,160 shares of the business services provider’s stock worth $919,000 after buying an additional 192 shares during the last quarter. MGO Private Wealth LLC bought a new position in S&P Global during the first quarter worth $217,000. Finally, LVW Advisors LLC raised its stake in S&P Global by 87.4% during the first quarter. LVW Advisors LLC now owns 1,428 shares of the business services provider’s stock worth $608,000 after buying an additional 666 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPGI. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, June 21st. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer lifted their price objective on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a report on Monday. Finally, Stifel Nicolaus lifted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $468.33.

S&P Global Stock Up 0.9 %

S&P Global stock opened at $450.45 on Wednesday. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The firm has a 50 day moving average price of $432.04 and a 200-day moving average price of $431.78. The company has a market capitalization of $140.95 billion, a P/E ratio of 50.50, a P/E/G ratio of 2.48 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

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

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

S&P Global 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.