S&P Global Inc. (NYSE:SPGI) Stock Position Raised by Jacobi Capital Management LLC

Jacobi Capital Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 2.2% in the first quarter, Holdings Channel reports. The institutional investor owned 2,699 shares of the business services provider’s stock after acquiring an additional 59 shares during the quarter. Jacobi Capital Management LLC’s holdings in S&P Global were worth $1,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. BKM Wealth Management LLC purchased a new stake in S&P Global in the 4th quarter worth approximately $63,000. My Legacy Advisors LLC raised its holdings in shares of S&P Global by 1.9% during the 4th quarter. My Legacy Advisors LLC now owns 1,687 shares of the business services provider’s stock valued at $732,000 after purchasing an additional 31 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of S&P Global during the 4th quarter valued at $43,000. Independent Wealth Network Inc. bought a new position in shares of S&P Global during the 4th quarter valued at $241,000. Finally, Everhart Financial Group Inc. raised its holdings in shares of S&P Global by 80.4% during the 4th quarter. Everhart Financial Group Inc. now owns 1,369 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI traded up $7.48 during midday trading on Monday, hitting $487.32. The company had a trading volume of 1,094,535 shares, compared to its average volume of 1,269,434. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $152.48 billion, a price-to-earnings ratio of 54.29, a P/E/G ratio of 2.72 and a beta of 1.16. The firm has a fifty day simple moving average of $445.40 and a two-hundred day simple moving average of $435.00. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $491.48.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Equities analysts forecast that S&P Global Inc. will post 14.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SPGI shares. Oppenheimer raised their price target on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a report on Monday, July 1st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, June 21st. Bank of America raised their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $490.55.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.