S&P Global Inc. $SPGI Stake Lifted by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 96.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,495 shares of the business services provider’s stock after buying an additional 1,713 shares during the quarter. S&P Global makes up about 1.2% of Forefront Wealth Partners LLC’s investment portfolio, making the stock its 26th largest holding. Forefront Wealth Partners LLC’s holdings in S&P Global were worth $1,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new position in S&P Global during the 2nd quarter valued at about $1,649,000. Advisory Services Network LLC boosted its position in S&P Global by 16.3% during the 2nd quarter. Advisory Services Network LLC now owns 11,279 shares of the business services provider’s stock worth $6,216,000 after acquiring an additional 1,581 shares during the period. Anchor Investment Management LLC grew its stake in shares of S&P Global by 4.6% in the second quarter. Anchor Investment Management LLC now owns 4,552 shares of the business services provider’s stock worth $2,400,000 after purchasing an additional 202 shares in the last quarter. Nomura Holdings Inc. grew its stake in shares of S&P Global by 56.7% in the second quarter. Nomura Holdings Inc. now owns 27,558 shares of the business services provider’s stock worth $14,531,000 after purchasing an additional 9,977 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of S&P Global by 4.4% during the second quarter. Geneos Wealth Management Inc. now owns 2,320 shares of the business services provider’s stock valued at $1,223,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Stifel Nicolaus dropped their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Evercore ISI raised their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. BMO Capital Markets set a $546.00 target price on S&P Global in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and an average target price of $613.00.

S&P Global Trading Up 0.7%

NYSE SPGI opened at $500.95 on Friday. The firm’s 50 day moving average price is $490.15 and its two-hundred day moving average price is $514.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market cap of $151.69 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 2.60 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were paid a $0.96 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is 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.