Bogart Wealth LLC Raises Position in S&P Global Inc. $SPGI

Key Points

• Bogart Wealth LLC increased its holdings in S&P Global Inc. by 4.0% during the second quarter, owning 26,175 shares valued at approximately $13.8 million.
• S&P Global's stock opened at $473.76 and has a market cap of $144.64 billion, with a 1-year low of $427.14 and high of $579.05.
• The company announced a quarterly dividend of $0.96 per share, to be paid on December 10th, representing a 0.8% dividend yield.

Bogart Wealth LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,175 shares of the business services provider's stock after buying an additional 1,017 shares during the quarter. Bogart Wealth LLC's holdings in S&P Global were worth $13,802,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Canvas Wealth Advisors LLC increased its holdings in shares of S&P Global by 3.7% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 645 shares of the business services provider's stock valued at $342,000 after acquiring an additional 23 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of S&P Global by 42.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 284 shares of the business services provider's stock valued at $150,000 after purchasing an additional 84 shares in the last quarter. Accretive Wealth Partners LLC increased its stake in shares of S&P Global by 1.0% in the 2nd quarter. Accretive Wealth Partners LLC now owns 2,497 shares of the business services provider's stock valued at $1,317,000 after purchasing an additional 25 shares in the last quarter. Eos Management L.P. purchased a new stake in S&P Global during the 2nd quarter worth approximately $1,571,000. Finally, Calamos Wealth Management LLC increased its stake in S&P Global by 2.7% during the 2nd quarter. Calamos Wealth Management LLC now owns 26,150 shares of the business services provider's stock worth $13,789,000 after buying an additional 682 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.4%

S&P Global stock opened at $473.76 on Monday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $144.64 billion, a PE ratio of 36.44, a P/E/G ratio of 2.50 and a beta of 1.19. The stock's fifty day moving average is $521.74 and its two-hundred day moving average is $513.42.

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

S&P Global Announces Dividend

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 paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global's payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of analyst reports. UBS Group upped their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley raised their target price on S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Mizuho lifted their target price on S&P Global from $637.00 to $643.00 and gave the company an "outperform" rating in a research report on Thursday. Seaport Res Ptn upgraded S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of "Buy" and a consensus target price of $614.23.

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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