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

Academy Capital Management boosted its position in S&P Global Inc. (NYSE:SPGI) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,804 shares of the business services provider’s stock after acquiring an additional 1,565 shares during the quarter. S&P Global accounts for about 1.5% of Academy Capital Management’s holdings, making the stock its 15th biggest holding. Academy Capital Management’s holdings in S&P Global were worth $10,443,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Valeo Financial Advisors LLC raised its holdings in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. Nuveen LLC acquired a new stake in S&P Global in the first quarter valued at approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after acquiring an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after acquiring an additional 210,373 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPGI. Evercore ISI raised their target price on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. BMO Capital Markets cut their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research report on Thursday, October 16th. Barclays raised their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $614.23.

S&P Global Trading Up 1.3%

SPGI 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 price-to-earnings-growth ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business’s 50 day moving average is $514.03 and its two-hundred 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 (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

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.