2,927 Shares in S&P Global Inc. $SPGI Acquired by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC acquired 2,927 shares of S&P Global Inc., valued at approximately $1,543,000, as part of its recent SEC filing.
• Institutional investors and hedge funds own a significant 87.17% of S&P Global's shares, indicating strong institutional interest in the company.
• S&P Global recently announced a quarterly dividend of $0.96 per share, with an annualized dividend yield of 0.8%, highlighting its commitment to returning value to shareholders.

Turtle Creek Wealth Advisors LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,927 shares of the business services provider's stock, valued at approximately $1,543,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Costello Asset Management INC acquired a new stake in shares of S&P Global in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of S&P Global by 103.3% in 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. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

SPGI stock opened at $482.74 on Thursday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a market cap of $147.38 billion, a P/E ratio of 37.13, a PEG ratio of 2.58 and a beta of 1.19. The stock's 50 day moving average price is $525.15 and its 200 day moving average price is $513.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly 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. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is 29.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SPGI. Oppenheimer upped their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. BMO Capital Markets upped their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company upped their target price 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $615.69.

S&P Global 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.

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