Accretive Wealth Partners LLC Increases Stock Holdings in S&P Global Inc. $SPGI

Accretive Wealth Partners LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,497 shares of the business services provider’s stock after buying an additional 25 shares during the quarter. Accretive Wealth Partners LLC’s holdings in S&P Global were worth $1,317,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cheviot Value Management LLC acquired a new stake in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the second quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC raised its stake 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 worth $31,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $473.76 on Monday. 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 fifty day moving average of $521.74 and a 200 day moving average of $513.42. The firm has a market cap of $144.64 billion, a PE ratio of 36.44, a PEG ratio of 2.50 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. As a group, research 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Morgan Stanley boosted their price target 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. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI raised their price target on shares of 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 decreased their price objective on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.