Round Hill Asset Management Has $14.28 Million Holdings in S&P Global Inc. $SPGI

Round Hill Asset Management lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,072 shares of the business services provider’s stock after selling 215 shares during the quarter. S&P Global comprises 9.6% of Round Hill Asset Management’s portfolio, making the stock its largest holding. Round Hill Asset Management’s holdings in S&P Global were worth $14,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its stake in S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the last quarter. Divergent Planning LLC purchased a new position in shares of S&P Global during the 2nd quarter valued at about $303,000. Vanguard Group Inc. lifted its position in S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after buying an additional 315,916 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in S&P Global by 6.3% in the second 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 in the last quarter. Finally, SCS Capital Management LLC purchased a new stake in S&P Global in the first quarter worth approximately $240,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Mizuho lifted their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Evercore ISI lifted their price objective on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $613.00.

S&P Global Trading Up 0.7%

Shares of SPGI opened at $499.15 on Monday. The stock has a market capitalization of $151.14 billion, a P/E ratio of 38.40, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $488.69 and a two-hundred day simple moving average of $516.12.

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. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

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.