Chilton Capital Management LLC Boosts Stake in S&P Global Inc. $SPGI

Chilton Capital Management LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 105.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 308 shares of the business services provider’s stock after purchasing an additional 158 shares during the quarter. Chilton Capital Management LLC’s holdings in S&P Global were worth $162,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Divergent Planning LLC purchased a new position in shares of S&P Global during the second quarter worth approximately $303,000. Dynamic Advisor Solutions LLC increased its position in shares of 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 acquiring an additional 733 shares during the period. SCS Capital Management LLC purchased a new position in shares of S&P Global during the first quarter worth approximately $240,000. Foster Victor Wealth Advisors LLC increased its position in shares of S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after acquiring an additional 1,383 shares during the period. Finally, Northside Capital Management LLC purchased a new position in shares of S&P Global during the second quarter worth approximately $975,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $489.02 on Monday. The firm has a market cap of $149.30 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.59 and a beta of 1.19. The company’s 50 day moving average is $514.03 and its 200 day moving average is $514.59. 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 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 for the quarter. On average, sell-side 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. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SPGI shares. Oppenheimer raised their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Friday. 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 research report on Monday, September 15th. Mizuho lifted their price objective 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, Evercore ISI lifted their price objective on shares of S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $614.23.

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.