2,979 Shares in S&P Global Inc. $SPGI Acquired by Eos Management L.P.

Key Points

• Eos Management L.P. has acquired 2,979 shares of S&P Global Inc. valued at approximately $1,571,000 as part of their new position in the company.
• Analysts have raised their price targets for S&P Global, with firms like Evercore ISI and JPMorgan Chase & Co. projecting target prices ranging from $619.00 to $625.00 and assigning "outperform" and "overweight" ratings.
• The company announced a quarterly dividend of $0.96, reflecting an annual yield of 0.8%, with the ex-dividend date set for November 25th.

Eos Management L.P. bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,979 shares of the business services provider's stock, valued at approximately $1,571,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Divergent Planning LLC bought a new stake in shares of S&P Global in the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC lifted its position in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock valued at $6,568,000 after acquiring an additional 733 shares during the last quarter. SCS Capital Management LLC acquired a new stake in S&P Global in the first quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC grew its holdings in S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock worth $16,562,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of S&P Global during the first quarter worth $386,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SPGI shares. Evercore ISI raised their price objective 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. JPMorgan Chase & Co. raised their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a research note on Wednesday, October 8th. Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $614.23.

S&P Global Price Performance

Shares of NYSE SPGI opened at $473.76 on Monday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business's 50 day moving average price is $521.74 and its 200 day moving average price is $513.42. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $144.64 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued 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 payout ratio is 29.54%.

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.

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