S&P Global Inc. $SPGI Shares Bought by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 48.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 938 shares of the business services provider’s stock after acquiring an additional 305 shares during the period. Wellspring Financial Advisors LLC’s holdings in S&P Global were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPGI. Vanguard Group Inc. raised its holdings in shares of S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after buying an additional 315,916 shares during the last quarter. Geode Capital Management LLC grew its holdings in S&P Global by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after buying an additional 42,724 shares in the last quarter. Norges Bank acquired a new stake in S&P Global in the 2nd quarter valued at approximately $2,188,945,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in S&P Global by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after acquiring an additional 114,843 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SPGI. JPMorgan Chase & Co. decreased their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Evercore ISI increased their target price on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. 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, October 9th. Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Stifel Nicolaus decreased their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $613.00.

S&P Global Stock Performance

Shares of SPGI opened at $494.93 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day moving average is $488.47 and its 200-day moving average is $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 capitalization of $149.87 billion, a P/E ratio of 38.07, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm 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%. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given 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 payout ratio is 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.