Focus Partners Advisor Solutions LLC Has $1.04 Million Stock Position in S&P Global Inc. $SPGI

Focus Partners Advisor Solutions LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,974 shares of the business services provider’s stock after buying an additional 51 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in S&P Global were worth $1,040,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Divergent Planning LLC acquired a new stake in S&P Global during the 2nd quarter worth approximately $303,000. Dynamic Advisor Solutions LLC raised its holdings in 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 worth $6,568,000 after buying an additional 733 shares during the period. SCS Capital Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $240,000. Foster Victor Wealth Advisors LLC raised its holdings in 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 worth $16,562,000 after buying an additional 1,383 shares during the period. Finally, Northside Capital Management LLC acquired a new stake in S&P Global during the 2nd quarter worth approximately $975,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE:SPGI opened at $496.57 on Tuesday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $512.94 and a 200 day simple moving average of $514.74. The stock has a market capitalization of $151.60 billion, a PE ratio of 38.20, a P/E/G ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion during the quarter. On average, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business 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 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 payout ratio is 29.54%.

Analyst Ratings Changes

SPGI has been the subject of several research reports. BMO Capital Markets decreased their price target on shares of 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. Citigroup raised their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two investment 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, the company presently has an average rating of “Buy” and an average target price of $614.23.

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.