Shelton Capital Management Has $4.71 Million Position in S&P Global Inc. $SPGI

Shelton Capital Management boosted its position in S&P Global Inc. (NYSE:SPGI) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,929 shares of the business services provider’s stock after purchasing an additional 953 shares during the quarter. Shelton Capital Management’s holdings in S&P Global were worth $4,708,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the first quarter valued at about $26,000. Costello Asset Management INC acquired a new stake in S&P Global in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global in the 2nd quarter valued at about $26,000. MTM Investment Management LLC acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings 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 purchasing an additional 31 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPGI shares. Morgan Stanley boosted their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. dropped their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Wells Fargo & Company upped their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Trading Down 0.8%

Shares of SPGI stock opened at $494.93 on Tuesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock’s fifty day moving average price is $488.47 and its two-hundred day moving average price is $515.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $149.87 billion, a PE ratio of 38.07, a P/E/G ratio of 2.50 and a beta of 1.17.

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 for the quarter. The business 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%. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

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.