Linscomb Wealth Inc. Purchases 46 Shares of S&P Global Inc. $SPGI

Linscomb Wealth Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.5% during the second quarter, HoldingsChannel.com reports. The firm owned 881 shares of the business services provider’s stock after acquiring an additional 46 shares during the quarter. Linscomb Wealth Inc.’s holdings in S&P Global were worth $464,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares during the period. Mutual Advisors LLC lifted its stake in shares of S&P Global by 11.3% in the 1st quarter. Mutual Advisors LLC now owns 1,659 shares of the business services provider’s stock valued at $796,000 after purchasing an additional 169 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of S&P Global by 1.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,087 shares of the business services provider’s stock worth $1,569,000 after purchasing an additional 49 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of S&P Global by 26.8% during the first quarter. Calamos Advisors LLC now owns 120,202 shares of the business services provider’s stock worth $61,075,000 after purchasing an additional 25,369 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in shares of S&P Global by 5.5% during the first quarter. Calamos Wealth Management LLC now owns 25,468 shares of the business services provider’s stock worth $12,940,000 after purchasing an additional 1,318 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.9%

SPGI opened at $487.37 on Friday. The stock has a market capitalization of $148.80 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.50 and a beta of 1.19. 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 Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm’s fifty day simple moving average is $507.44 and its 200 day simple moving average is $514.99.

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

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SPGI. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Stifel Nicolaus cut their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Mizuho lifted their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus target price of $612.38.

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.