Citizens Financial Group Inc. RI Buys 545 Shares of S&P Global Inc. $SPGI

Citizens Financial Group Inc. RI increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 18.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,549 shares of the business services provider’s stock after buying an additional 545 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in S&P Global were worth $1,871,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cheviot Value Management LLC bought a new position in shares of S&P Global during the first quarter valued at $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global during the 2nd quarter worth about $26,000. CBIZ Investment Advisory Services LLC lifted its holdings in S&P Global by 103.3% during the 1st 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 last quarter. Finally, eCIO Inc. bought a new position in S&P Global during the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company boosted their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Stifel Nicolaus decreased their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Buy” and an average target price of $613.00.

S&P Global Stock Down 1.1%

NYSE:SPGI opened at $488.37 on Tuesday. The stock’s fifty day moving average price is $496.44 and its two-hundred day moving average price is $517.12. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $147.88 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 2.50 and a beta of 1.17.

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

S&P Global Dividend Announcement

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 issued a dividend of $0.96 per share. 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 27.93%.

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.