LRI Investments LLC Has $9.25 Million Stake in S&P Global Inc. $SPGI

LRI Investments LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,538 shares of the business services provider’s stock after acquiring an additional 21 shares during the period. S&P Global accounts for about 0.7% of LRI Investments LLC’s holdings, making the stock its 27th largest position. LRI Investments LLC’s holdings in S&P Global were worth $9,248,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cheviot Value Management LLC bought a new stake in S&P Global during the 1st quarter valued at approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% in the 1st 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 period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.3%

SPGI stock opened at $486.39 on Friday. The business has a fifty day moving average price of $529.93 and a 200 day moving average price of $514.29. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a market capitalization of $148.49 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

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

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued 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 currently 29.54%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. JPMorgan Chase & Co. raised their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday. Barclays raised their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $614.85.

S&P Global 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.