Fielder Capital Group LLC Makes New Investment in S&P Global Inc. $SPGI

Fielder Capital Group LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 402 shares of the business services provider’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global in the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings 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. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on SPGI shares. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. BMO Capital Markets decreased their target price on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research report on Thursday, October 16th. Barclays boosted their price target 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, Evercore ISI increased their price objective on shares of S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $614.23.

S&P Global Stock Up 1.3%

SPGI stock opened at $489.02 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm has a market capitalization of $149.30 billion, a PE ratio of 37.62, a PEG ratio of 2.59 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $514.03 and a two-hundred day simple moving average of $514.31.

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. The company 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%. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

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.