Childress Capital Advisors LLC Takes Position in S&P Global Inc. (NYSE:SPGI)


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Childress Capital Advisors LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, Holdings Channel reports. The firm acquired 167 shares of the business services provider’s stock, valued at approximately $57,000.

Several other institutional investors have also made changes to their positions in the company. Exane Derivatives lifted its position in shares of S&P Global by 0.8% in the fourth quarter. Exane Derivatives now owns 3,801 shares of the business services provider’s stock valued at $1,249,000 after acquiring an additional 32 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of S&P Global by 1.6% in the fourth quarter. CHICAGO TRUST Co NA now owns 2,059 shares of the business services provider’s stock worth $677,000 after buying an additional 33 shares in the last quarter. Segment Wealth Management LLC lifted its position in shares of S&P Global by 0.8% in the fourth quarter. Segment Wealth Management LLC now owns 4,761 shares of the business services provider’s stock worth $1,565,000 after buying an additional 36 shares in the last quarter. Glassman Wealth Services lifted its position in shares of S&P Global by 31.9% in the fourth quarter. Glassman Wealth Services now owns 149 shares of the business services provider’s stock worth $49,000 after buying an additional 36 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its position in S&P Global by 8.8% during the fourth quarter. Berman Capital Advisors LLC now owns 444 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 81.94% of the company’s stock.

Shares of NYSE:SPGI opened at $361.20 on Thursday. S&P Global Inc. has a 52-week low of $255.23 and a 52-week high of $379.87. The stock has a market cap of $87.01 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. The business’s 50 day moving average is $344.95 and its 200 day moving average is $336.68. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 8.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 8th. The business services provider reported $2.71 EPS for the quarter, beating the consensus estimate of $2.51 by $0.20. S&P Global had a return on equity of 1,009.75% and a net margin of 33.20%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that S&P Global Inc. will post 11.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 24th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, February 23rd. This is a positive change from S&P Global’s previous quarterly dividend of $0.67. S&P Global’s dividend payout ratio is currently 32.32%.

A number of research analysts have recently commented on SPGI shares. UBS Group upped their target price on S&P Global from $420.00 to $435.00 and gave the company a “buy” rating in a research note on Wednesday, February 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $407.00 target price on shares of S&P Global in a research note on Wednesday, March 24th. Wells Fargo & Company upped their target price on S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, February 10th. Finally, Raymond James raised S&P Global from a “market perform” rating to an “outperform” rating and set a $402.00 target price on the stock in a research note on Thursday, April 1st. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. S&P Global currently has an average rating of “Buy” and a consensus target price of $394.00.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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