Catalyst Capital Advisors LLC Acquires 380 Shares of S&P Global Inc. $SPGI

Catalyst Capital Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 72.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 907 shares of the business services provider’s stock after purchasing an additional 380 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in S&P Global were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Asset Management One Co. Ltd. boosted its stake in shares of S&P Global by 0.6% in the 2nd quarter. Asset Management One Co. Ltd. now owns 164,401 shares of the business services provider’s stock valued at $86,687,000 after purchasing an additional 903 shares during the last quarter. Lazard Freres Gestion S.A.S. boosted its stake in S&P Global by 2,046.2% during the 2nd quarter. Lazard Freres Gestion S.A.S. now owns 76,726 shares of the business services provider’s stock worth $40,456,000 after acquiring an additional 73,151 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in S&P Global by 8.0% during the 2nd quarter. Bleakley Financial Group LLC now owns 11,025 shares of the business services provider’s stock worth $5,814,000 after acquiring an additional 821 shares during the last quarter. Principle Wealth Partners LLC boosted its stake in S&P Global by 9.2% during the 2nd quarter. Principle Wealth Partners LLC now owns 1,297 shares of the business services provider’s stock worth $684,000 after acquiring an additional 109 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in S&P Global by 4.0% during the 2nd quarter. Forum Financial Management LP now owns 3,098 shares of the business services provider’s stock worth $1,634,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $489.02 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market capitalization of $149.30 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The firm’s 50 day moving average is $514.03 and its 200-day moving average is $513.81.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 for the quarter. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Friday. UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. BMO Capital Markets dropped their target price on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a report on Thursday, October 16th. Finally, Oppenheimer raised their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $614.23.

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.