Prospera Financial Services Inc Has $4.67 Million Stock Holdings in S&P Global Inc. $SPGI

Prospera Financial Services Inc boosted its stake in S&P Global Inc. (NYSE:SPGI) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,846 shares of the business services provider’s stock after purchasing an additional 508 shares during the period. Prospera Financial Services Inc’s holdings in S&P Global were worth $4,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Divergent Planning LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC raised its stake in S&P Global by 6.3% during the 2nd 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 during the period. SCS Capital Management LLC bought a new position in S&P Global in the first quarter worth approximately $240,000. Foster Victor Wealth Advisors LLC boosted its holdings in 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 worth $16,562,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC acquired a new stake in S&P Global in the second quarter valued at approximately $975,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $538.00 target price on shares of S&P Global in a research report on Friday, October 31st. Stifel Nicolaus decreased their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Wells Fargo & Company upped their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $612.38.

S&P Global Trading Up 1.2%

NYSE SPGI opened at $495.89 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $502.04 and a 200 day simple moving average of $516.84. 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 $150.15 billion, a P/E ratio of 38.15, a PEG ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

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.