S&P Global Inc. (NYSE:SPGI) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 101.2% in the first quarter, HoldingsChannel reports. The fund owned 1,620 shares of the business services provider’s stock after buying an additional 815 shares during the period. CreativeOne Wealth LLC’s holdings in S&P Global were worth $690,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares during the period. LFA Lugano Financial Advisors SA lifted its holdings in shares of S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SPGI. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. UBS Group upped their price objective on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Oppenheimer boosted their target price 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. Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $490.55.

S&P Global Stock Up 1.6 %

SPGI stock traded up $7.53 during mid-day trading on Friday, hitting $490.86. The stock had a trading volume of 320,757 shares, compared to its average volume of 1,256,453. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $498.15. The company has a fifty day moving average of $449.75 and a 200 day moving average of $436.53. The stock has a market capitalization of $153.59 billion, a price-to-earnings ratio of 55.16, a PEG ratio of 2.73 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities analysts expect that S&P Global Inc. will post 14.27 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

About S&P Global

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.