500 Shares in S&P Global Inc. $SPGI Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. acquired a new position in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent filing with the SEC. The firm acquired 500 shares of the business services provider’s stock, valued at approximately $264,000.

A number of other large investors have also recently made changes to their positions in SPGI. Brighton Jones LLC grew its position in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares during the last quarter. GAMMA Investing LLC grew its position in shares of S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after buying an additional 708 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of S&P Global by 143.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 246 shares of the business services provider’s stock worth $125,000 after buying an additional 145 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in shares of S&P Global by 1.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,988 shares of the business services provider’s stock worth $2,026,000 after buying an additional 54 shares during the last quarter. Finally, XML Financial LLC grew its position in shares of S&P Global by 11.8% in the 1st quarter. XML Financial LLC now owns 871 shares of the business services provider’s stock worth $443,000 after buying an additional 92 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 1.3%

Shares of NYSE:SPGI opened at $483.85 on Wednesday. The stock has a fifty day simple moving average of $518.66 and a two-hundred day simple moving average of $513.40. The stock has a market capitalization of $147.72 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.52 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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 business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. S&P Global’s payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPGI. Barclays lifted their price objective 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. Mizuho raised their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Finally, Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.