S&P Global Inc. $SPGI Shares Purchased by Greenland Capital Management LP

Greenland Capital Management LP grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 201.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,689 shares of the business services provider’s stock after acquiring an additional 15,836 shares during the quarter. S&P Global comprises about 1.3% of Greenland Capital Management LP’s investment portfolio, making the stock its 12th largest holding. Greenland Capital Management LP’s holdings in S&P Global were worth $12,491,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SPGI. Cheviot Value Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $489.70 on Wednesday. The company has a quick ratio of 0.98, a current 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. The stock has a fifty day moving average of $495.29 and a 200-day moving average of $517.00. The firm has a market capitalization of $148.28 billion, a P/E ratio of 37.67, a PEG ratio of 2.50 and a beta of 1.17.

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

S&P Global Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Mizuho raised their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $613.00.

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.