CCLA Investment Management Has $174.87 Million Position in S&P Global Inc. $SPGI

CCLA Investment Management raised its position in S&P Global Inc. (NYSE:SPGI) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 331,838 shares of the business services provider’s stock after purchasing an additional 20,272 shares during the period. S&P Global accounts for 0.1% of CCLA Investment Management’s investment portfolio, making the stock its 6th biggest position. CCLA Investment Management’s holdings in S&P Global were worth $174,871,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Divergent Planning LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at $303,000. Dynamic Advisor Solutions LLC raised its position in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after buying an additional 733 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of S&P Global during the 1st quarter valued at $240,000. Foster Victor Wealth Advisors LLC raised its position in shares of S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at $975,000. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on SPGI. Evercore ISI raised their price objective on shares of S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Wells Fargo & Company raised their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two 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 company has a consensus rating of “Buy” and an average target price of $614.23.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $489.02 on Monday. The company’s fifty day moving average is $514.03 and its 200 day moving average is $514.59. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market cap of $149.30 billion, a PE ratio of 37.62, a PEG ratio of 2.59 and a beta of 1.19. 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 (NYSE:SPGI) last released 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 firm had revenue of $1.87 billion for the quarter. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given 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 payout ratio is presently 29.54%.

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.