S&P Global Inc. (NYSE:SPGI) Stock Holdings Raised by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 12.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,199 shares of the business services provider’s stock after acquiring an additional 137 shares during the period. Proficio Capital Partners LLC’s holdings in S&P Global were worth $510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Private Wealth Management Group LLC bought a new stake in shares of S&P Global in the 4th quarter worth about $26,000. Pineridge Advisors LLC acquired a new position in S&P Global during the 4th quarter valued at about $26,000. Valued Wealth Advisors LLC acquired a new position in S&P Global during the 4th quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group boosted its stake in 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 valued at $28,000 after purchasing an additional 25 shares during the period. Finally, Fortis Group Advisors LLC acquired a new position in S&P Global during the 3rd quarter valued at about $33,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI traded up $4.44 during midday trading on Tuesday, reaching $460.33. The company’s stock had a trading volume of 892,286 shares, compared to its average volume of 1,271,825. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $436.64 and a 200 day moving average price of $432.59. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.38. The company has a market cap of $144.04 billion, a price-to-earnings ratio of 51.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.16.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping 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 business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, equities research analysts expect that S&P Global Inc. will post 14.12 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.79%. S&P Global’s payout ratio is currently 40.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus boosted their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets boosted their target price 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. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Oppenheimer upped their price target on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research note on Monday, July 1st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $485.60.

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.