Evelyn Partners Investment Management Services Ltd Purchases 5,912 Shares of S&P Global Inc. $SPGI

Evelyn Partners Investment Management Services Ltd increased its position in S&P Global Inc. (NYSE:SPGI) by 73.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,978 shares of the business services provider’s stock after purchasing an additional 5,912 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in S&P Global were worth $7,031,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in SPGI. Costello Asset Management INC bought a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global in the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Stifel Nicolaus reduced their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Barclays increased their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Stock Performance

NYSE:SPGI opened at $493.50 on Friday. The stock has a market cap of $149.43 billion, a P/E ratio of 37.96, a PEG ratio of 2.50 and a beta of 1.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $492.06 and its two-hundred day moving average price is $516.55. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

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 for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion for the quarter. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

S&P Global Company Profile

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.