S&P Global Inc. $SPGI Shares Purchased by Portside Wealth Group LLC

Portside Wealth Group LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 14.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,064 shares of the business services provider’s stock after acquiring an additional 133 shares during the period. Portside Wealth Group LLC’s holdings in S&P Global were worth $561,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the first quarter worth $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the 2nd quarter worth about $26,000. MTM Investment Management LLC acquired a new position in S&P Global in the 2nd quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in S&P Global by 103.3% in 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SPGI. Stifel Nicolaus decreased their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note 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. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday. Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $613.00.

S&P Global Stock Performance

Shares of SPGI stock opened at $489.70 on Wednesday. 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 firm has a market capitalization of $148.28 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a 50 day moving average price of $495.29 and a 200 day moving average price of $517.00.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (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%. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current 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 paid a dividend of $0.96 per share. 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 is currently 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.