Jacobi Capital Management LLC Grows Stake in S&P Global Inc. (NYSE:SPGI)

Jacobi Capital Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,699 shares of the business services provider’s stock after purchasing an additional 59 shares during the quarter. Jacobi Capital Management LLC’s holdings in S&P Global were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Cercano Management LLC increased its holdings in shares of S&P Global by 4.4% in the 1st quarter. Cercano Management LLC now owns 126,414 shares of the business services provider’s stock valued at $53,783,000 after acquiring an additional 5,380 shares during the period. TIAA Trust National Association increased its holdings in shares of S&P Global by 1.6% in the 1st quarter. TIAA Trust National Association now owns 69,882 shares of the business services provider’s stock valued at $29,731,000 after acquiring an additional 1,089 shares during the period. Alera Investment Advisors LLC increased its holdings in shares of S&P Global by 7.1% in the 1st quarter. Alera Investment Advisors LLC now owns 693 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 46 shares during the period. Spirepoint Private Client LLC purchased a new position in shares of S&P Global in the 1st quarter valued at $995,000. Finally, Intech Investment Management LLC increased its holdings in shares of S&P Global by 255.1% in the 1st quarter. Intech Investment Management LLC now owns 9,861 shares of the business services provider’s stock valued at $4,195,000 after acquiring an additional 7,084 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SPGI shares. Morgan Stanley raised their price objective on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. UBS Group raised their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Oppenheimer raised their price objective on S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $490.55.

S&P Global Price Performance

Shares of S&P Global stock traded up $7.48 on Monday, hitting $487.32. The company’s stock had a trading volume of 1,094,535 shares, compared to its average volume of 1,269,434. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $491.48. The firm has a fifty day moving average price of $445.40 and a 200-day moving average price of $435.00. The company has a market capitalization of $152.48 billion, a price-to-earnings ratio of 54.29, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

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.