Atlatl Advisers LLC Has $612,000 Position in S&P Global Inc. $SPGI

Atlatl Advisers LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,161 shares of the business services provider’s stock after buying an additional 42 shares during the quarter. Atlatl Advisers LLC’s holdings in S&P Global were worth $612,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Interchange Capital Partners LLC grew its position in S&P Global by 3.3% during the second quarter. Interchange Capital Partners LLC now owns 1,169 shares of the business services provider’s stock worth $616,000 after buying an additional 37 shares in the last quarter. Brighton Jones LLC grew its position in S&P Global by 24.6% during the second quarter. Brighton Jones LLC now owns 4,034 shares of the business services provider’s stock worth $2,127,000 after buying an additional 796 shares in the last quarter. Stegent Equity Advisors Inc. grew its position in S&P Global by 23.2% during the second quarter. Stegent Equity Advisors Inc. now owns 812 shares of the business services provider’s stock worth $428,000 after buying an additional 153 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in S&P Global by 24.3% during the second quarter. Linden Thomas Advisory Services LLC now owns 13,482 shares of the business services provider’s stock worth $7,109,000 after buying an additional 2,632 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its stake in S&P Global by 2.7% during the second quarter. Focus Partners Advisor Solutions LLC now owns 1,974 shares of the business services provider’s stock worth $1,040,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI upped their target price on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. BMO Capital Markets cut their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research note on Thursday, October 16th. JPMorgan Chase & Co. upped their target price on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Finally, Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $614.23.

S&P Global Stock Up 1.3%

Shares of NYSE:SPGI opened at $489.02 on Friday. The company has a fifty day moving average of $514.03 and a 200-day moving average of $514.31. The company has a market capitalization of $149.30 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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%. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. 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 dividend payout ratio is 29.54%.

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.