Bridges Investment Management Inc. Has $106.13 Million Stake in S&P Global Inc. $SPGI

Key Points

• Bridges Investment Management Inc. has reduced its stake in S&P Global Inc. by 0.5% in the 2nd quarter, owning 201,265 shares now valued at approximately $106.13 million.
• Wall Street analysts have raised their target prices for S&P Global, with current projections ranging from $615.00 to $661.00 and a general consensus rating of "Buy."
• S&P Global recently announced a quarterly dividend of $0.96 per share, reflecting a 0.8% dividend yield and a payout ratio of 29.54%.

Bridges Investment Management Inc. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 201,265 shares of the business services provider's stock after selling 949 shares during the quarter. S&P Global comprises approximately 1.4% of Bridges Investment Management Inc.'s investment portfolio, making the stock its 21st largest holding. Bridges Investment Management Inc. owned about 0.07% of S&P Global worth $106,125,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Divergent Planning LLC bought a new position in shares of S&P Global in the 2nd quarter worth $303,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock worth $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC bought a new position in shares of S&P Global in the 1st quarter worth $240,000. Foster Victor Wealth Advisors LLC lifted its holdings in shares of S&P Global by 4.6% in the 2nd 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 in the last quarter. Finally, Caxton Associates LLP bought a new position in shares of S&P Global in the 1st quarter worth $386,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SPGI shares. Evercore ISI increased their target price on S&P Global from $613.00 to $619.00 and gave the stock an "outperform" rating in a report on Tuesday. Morgan Stanley increased their target price on S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, October 9th. Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of S&P Global in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $615.69.

S&P Global Trading Down 0.8%

NYSE SPGI opened at $482.74 on Thursday. The firm has a market capitalization of $147.38 billion, a P/E ratio of 37.13, a PEG ratio of 2.58 and a beta of 1.19. The business has a fifty day simple moving average of $525.15 and a 200 day simple moving average of $513.76. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given 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 dividend payout ratio (DPR) is currently 29.54%.

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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