Charles Schwab Investment Management Inc. Acquires 35,630 Shares of S&P Global Inc. $SPGI

Charles Schwab Investment Management Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,108,694 shares of the business services provider’s stock after purchasing an additional 35,630 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in S&P Global were worth $1,111,893,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in S&P Global in the first quarter worth $771,000. Pinnacle Associates Ltd. increased its stake in S&P Global by 26.7% in the first quarter. Pinnacle Associates Ltd. now owns 4,973 shares of the business services provider’s stock valued at $2,527,000 after purchasing an additional 1,048 shares in the last quarter. Carnegie Investment Counsel raised its holdings in shares of S&P Global by 28.9% during the first quarter. Carnegie Investment Counsel now owns 1,289 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 289 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of S&P Global by 3.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 20,607 shares of the business services provider’s stock worth $10,470,000 after purchasing an additional 666 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SPGI shares. Evercore ISI upped their price target on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Barclays boosted their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research note on Friday, November 14th. Finally, Citigroup upped their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Trading Up 0.5%

NYSE SPGI opened at $493.50 on Friday. The firm has a market capitalization of $149.43 billion, a P/E ratio of 37.96, a PEG ratio of 2.50 and a beta of 1.17. The business has a fifty day simple moving average of $492.06 and a 200 day simple moving average of $516.65. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.