Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Takes Position in S&P Global Inc. $SPGI

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,000 shares of the business services provider’s stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the second quarter worth about $26,000. MTM Investment Management LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the period. eCIO Inc. acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $32,000. Finally, Activest Wealth Management increased its stake in S&P Global by 3,250.0% in the first quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 1.3%

NYSE SPGI opened at $491.97 on Tuesday. The company has a market cap of $148.97 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. 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 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $489.04 and its 200 day moving average is $515.16.

S&P Global (NYSE:SPGI) last posted its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $1.87 billion during the quarter. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Analysts Set New Price Targets

Several brokerages have commented on SPGI. Citigroup boosted their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday, November 14th. Stifel Nicolaus dropped their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $613.00.

S&P Global Company 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.