AssuredPartners Investment Advisors LLC Decreases Position in S&P Global Inc. $SPGI

AssuredPartners Investment Advisors LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 68.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 466 shares of the business services provider’s stock after selling 1,013 shares during the quarter. AssuredPartners Investment Advisors LLC’s holdings in S&P Global were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Stegent Equity Advisors Inc. raised its position in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after purchasing an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC grew its holdings in S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 20 shares during the last quarter. Foster Group Inc. grew its holdings in S&P Global by 0.9% in the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after acquiring an additional 20 shares during the last quarter. Quent Capital LLC grew its holdings in S&P Global by 1.9% in the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock worth $571,000 after acquiring an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC grew its holdings in S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. 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 report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $614.23.

S&P Global Trading Up 0.4%

Shares of NYSE SPGI opened at $473.76 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The stock has a market cap of $144.64 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.49 and a beta of 1.19. The firm has a 50-day moving average of $521.74 and a 200 day moving average of $513.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its quarterly 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 company had revenue of $1.87 billion during the quarter. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS 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. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 29.54%.

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.