Sepio Capital LP Increases Stock Position in S&P Global Inc. $SPGI

Sepio Capital LP raised its position in S&P Global Inc. (NYSE:SPGI) by 47.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,294 shares of the business services provider’s stock after buying an additional 740 shares during the period. Sepio Capital LP’s holdings in S&P Global were worth $1,210,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cheviot Value Management LLC purchased a new position in S&P Global during the first quarter worth approximately $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the second quarter worth $26,000. MTM Investment Management LLC purchased a new position in S&P Global during the second quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SPGI. Stifel Nicolaus reduced their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. BMO Capital Markets set a $546.00 target price on S&P Global in a research report on Friday, November 14th. Wells Fargo & Company lifted their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Citigroup increased their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $613.00.

S&P Global Price Performance

S&P Global stock opened at $494.93 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $488.47 and a 200 day moving average price of $515.94. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock has a market cap of $149.87 billion, a P/E ratio of 38.07, a PEG ratio of 2.50 and a beta of 1.17.

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

S&P Global Dividend Announcement

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

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.