Locust Wood Capital Advisers LLC Purchases 31,139 Shares of S&P Global Inc. $SPGI

Locust Wood Capital Advisers LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 16.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 222,548 shares of the business services provider’s stock after buying an additional 31,139 shares during the period. S&P Global accounts for approximately 3.1% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 13th biggest position. Locust Wood Capital Advisers LLC owned about 0.07% of S&P Global worth $117,347,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global during the second quarter valued at approximately $26,000. MTM Investment Management LLC purchased a new position in shares of S&P Global in the second quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC boosted 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 during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.8%

NYSE SPGI opened at $491.18 on Wednesday. The stock has a market cap of $148.73 billion, a PE ratio of 37.78, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company’s 50-day moving average price is $488.37 and its 200-day moving average price is $515.72. 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 announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on SPGI shares. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research note on Friday, November 14th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Evercore ISI upped their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Buy” and a consensus target price of $613.00.

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.