Sequoia Financial Advisors LLC Has $4.49 Million Stake in S&P Global Inc. $SPGI

Sequoia Financial Advisors LLC grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 21.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,509 shares of the business services provider's stock after acquiring an additional 1,506 shares during the quarter. Sequoia Financial Advisors LLC's holdings in S&P Global were worth $4,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. Cheviot Value Management LLC bought a new position in shares of S&P Global during the first quarter worth $26,000. Costello Asset Management INC acquired a new stake in S&P Global during the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the 2nd quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the 1st quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after acquiring an additional 31 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 1.5%

S&P Global stock opened at $486.76 on Wednesday. The firm has a 50-day moving average of $526.73 and a 200-day moving average of $513.98. S&P Global Inc. has a one year low of $427.14 and a one 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 company has a market cap of $148.61 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 2.54 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business 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, equities 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Evercore ISI increased their price target on S&P Global from $613.00 to $619.00 and gave the stock an "outperform" rating in a report on Tuesday. BMO Capital Markets lifted their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Seaport Res Ptn upgraded shares of S&P Global to a "strong-buy" rating in a report on Wednesday, October 1st. Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $615.69.

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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