Divergent Planning LLC Purchases New Stake in S&P Global Inc. $SPGI

Key Points

• Divergent Planning LLC acquired a new stake in S&P Global Inc., purchasing 575 shares valued at approximately $303,000, according to a recent SEC filing.
• S&P Global has declared a quarterly dividend of $0.96 to be paid on December 10th, reflecting an annualized yield of 0.8% and a payout ratio of 29.54%.
• Wall Street analysts maintain a positive outlook for S&P Global, with the consensus target price set at $614.23 and multiple firms upgrading their ratings to "buy" or "outperform."

Divergent Planning LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 575 shares of the business services provider's stock, valued at approximately $303,000.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Stegent Equity Advisors Inc. raised its position in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after acquiring an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its position in S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after purchasing an additional 20 shares during the period. Foster Group Inc. grew its stake in S&P Global by 0.9% during the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider's stock worth $1,180,000 after buying an additional 20 shares during the last quarter. Quent Capital LLC increased its position in S&P Global by 1.9% in the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider's stock worth $571,000 after buying an additional 20 shares during the period. Finally, Integrated Investment Consultants LLC lifted its stake in S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Up 1.0%

NYSE SPGI opened at $477.73 on Tuesday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market capitalization of $145.85 billion, a P/E ratio of 36.75, a PEG ratio of 2.50 and a beta of 1.19. The company's 50 day simple moving average is $520.17 and its 200 day simple moving average is $513.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly 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 net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. Equities research 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 business also recently declared 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. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's dividend payout ratio (DPR) is 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent research reports. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the company 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 report on Wednesday, October 8th. Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company boosted their price target on S&P Global from $660.00 to $661.00 and gave the stock 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $614.23.

About S&P Global

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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