PDS Planning Inc Acquires 63 Shares of S&P Global Inc. $SPGI

PDS Planning Inc raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,907 shares of the business services provider’s stock after acquiring an additional 63 shares during the quarter. PDS Planning Inc’s holdings in S&P Global were worth $1,006,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Stegent Equity Advisors Inc. grew its stake in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after acquiring an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its stake in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 20 shares in the last quarter. Foster Group Inc. grew its stake in shares of S&P Global by 0.9% during the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after acquiring an additional 20 shares in the last quarter. Quent Capital LLC grew its stake in shares of S&P Global by 1.9% in the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after buying an additional 20 shares in the last quarter. Finally, Integrated Investment Consultants LLC grew its stake in shares of S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 0.3%

Shares of S&P Global stock opened at $486.39 on Friday. The business has a fifty day simple moving average of $529.93 and a two-hundred day simple moving average of $514.25. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a market capitalization of $148.49 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.59 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 posted its 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 company had revenue of $1.87 billion during the quarter. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer raised their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday. Barclays raised 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, Citigroup raised their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.