S&P Global Inc. $SPGI Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,890 shares of the business services provider’s stock after buying an additional 30 shares during the period. Sage Mountain Advisors LLC’s holdings in S&P Global were worth $997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Valeo Financial Advisors LLC increased its position in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares during the period. Nuveen LLC acquired a new position in S&P Global during the first quarter worth approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in S&P Global by 70.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after buying an additional 670,392 shares during the period. Price T Rowe Associates Inc. MD increased its position in S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after buying an additional 614,809 shares during the period. Finally, Alliancebernstein L.P. increased its position in S&P Global by 37.9% during the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after buying an additional 210,373 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SPGI shares. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. BMO Capital Markets cut their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research report on Thursday, October 16th. Evercore ISI lifted their price target on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Wells Fargo & Company lifted their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Morgan Stanley lifted their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has an average rating of “Buy” and an average price target of $614.23.

S&P Global Trading Up 1.3%

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

S&P Global (NYSE:SPGI) last announced 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 return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion for the quarter. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm 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 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 29.54%.

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.