S&P Global Inc. $SPGI Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,793,282 shares of the business services provider’s stock after acquiring an additional 42,724 shares during the quarter. Geode Capital Management LLC’s holdings in S&P Global were worth $3,565,889,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Cheviot Value Management LLC purchased a new position in shares of S&P Global in the 1st quarter valued at $26,000. Costello Asset Management INC acquired a new stake in S&P Global in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global in the second quarter valued at about $26,000. CBIZ Investment Advisory Services LLC raised its position in 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. Finally, eCIO Inc. acquired a new position in shares of S&P Global during the first quarter worth about $32,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Barclays lifted their price objective 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. Evercore ISI boosted their target price on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Citigroup lifted 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 note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $612.38.

S&P Global Stock Up 0.7%

Shares of NYSE:SPGI opened at $497.07 on Wednesday. The firm has a market cap of $150.51 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a fifty day simple moving average of $500.09 and a 200 day simple moving average of $517.04. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

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. 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. On average, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 27.93%.

S&P Global Company 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.