Valmark Advisers Inc. Increases Stock Position in S&P Global Inc. $SPGI

Valmark Advisers Inc. grew its position in S&P Global Inc. (NYSE:SPGI) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 602 shares of the business services provider’s stock after purchasing an additional 39 shares during the period. Valmark Advisers Inc.’s holdings in S&P Global were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Cheviot Value Management LLC purchased a new stake in S&P Global during the first quarter worth about $26,000. Costello Asset Management INC purchased a new stake in S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in 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 buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SPGI shares. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Citigroup increased their target price 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. Barclays increased their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company increased their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $614.85.

S&P Global Price Performance

SPGI stock opened at $486.39 on Friday. The firm has a 50 day moving average of $529.93 and a 200-day moving average of $514.25. 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. The firm has a market capitalization of $148.49 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 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. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is presently 29.54%.

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.