S&P Global Inc. $SPGI Shares Purchased by Spinnaker Trust

Spinnaker Trust increased its stake in S&P Global Inc. (NYSE:SPGI) by 13.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,742 shares of the business services provider’s stock after buying an additional 205 shares during the quarter. Spinnaker Trust’s holdings in S&P Global were worth $919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Divergent Planning LLC bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $303,000. Dynamic Advisor Solutions LLC boosted its holdings in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after buying an additional 733 shares in the last quarter. SCS Capital Management LLC acquired a new position in S&P Global in the first quarter worth approximately $240,000. Foster Victor Wealth Advisors LLC increased its holdings in shares of S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC acquired a new stake in shares of S&P Global during the 2nd quarter valued at $975,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 3.7%

S&P Global stock opened at $490.53 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. 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 firm has a market cap of $149.76 billion, a PE ratio of 37.73, a P/E/G ratio of 2.50 and a beta of 1.19. The firm’s 50 day moving average price is $508.81 and its two-hundred day moving average price is $514.88.

S&P Global (NYSE:SPGI) last issued its 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 company had revenue of $1.87 billion during the quarter. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid 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 29.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SPGI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Citigroup boosted their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. UBS Group raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average price target of $614.23.

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.