Concurrent Investment Advisors LLC Grows Position in S&P Global Inc. $SPGI

Key Points

• Concurrent Investment Advisors LLC increased its stake in S&P Global Inc. by 5.2% in Q2, holding 10,778 shares valued at $5.68 million at the end of the quarter.
• S&P Global's recent quarterly earnings report showed earnings per share of $2.33 and a revenue of $1.87 billion, with analysts predicting an annual EPS of 17.11.
• The company announced a quarterly dividend of $0.96 per share, representing an annualized yield of 0.8% with an ex-dividend date set for November 25th.

Concurrent Investment Advisors LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,778 shares of the business services provider's stock after purchasing an additional 535 shares during the period. Concurrent Investment Advisors LLC's holdings in S&P Global were worth $5,683,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of S&P Global by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after buying an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock valued at $1,618,934,000 after buying an additional 114,843 shares during the period. Valeo Financial Advisors LLC boosted its stake in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider's stock worth $1,670,671,000 after buying an additional 3,163,938 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after buying an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in S&P Global by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after buying an additional 97,324 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.3%

Shares of NYSE:SPGI opened at $486.39 on Monday. The firm's 50 day moving average price is $529.93 and its 200 day moving average price is $514.33. The stock has a market cap of $148.49 billion, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share 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. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SPGI shares. Barclays increased 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. Wells Fargo & Company increased their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Seaport Res Ptn raised shares of S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a "buy (b)" rating on shares of S&P Global in a research report on Wednesday, October 8th. Finally, Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. 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. Based on data from MarketBeat.com, S&P Global has an average rating of "Buy" and a consensus target price of $614.85.

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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