S&P Global Inc. $SPGI Shares Purchased by Pittenger & Anderson Inc.

Key Points

• Pittenger & Anderson Inc. increased its holdings in S&P Global Inc. by 3.3% in Q2, owning 51,734 shares worth approximately $27.28 million.
• Several institutional investors have also raised their stakes in S&P Global, with Valeo Financial Advisors LLC dramatically increasing its position by over 70,000% during Q2.
• S&P Global recently announced a quarterly dividend of $0.96, with an upcoming payout on December 10th, reflecting an annualized yield of 0.8%.

Pittenger & Anderson Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,734 shares of the business services provider's stock after acquiring an additional 1,651 shares during the quarter. S&P Global accounts for 1.0% of Pittenger & Anderson Inc.'s holdings, making the stock its 25th biggest position. Pittenger & Anderson Inc.'s holdings in S&P Global were worth $27,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after acquiring an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of S&P Global by 3.7% in the first 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 worth $1,618,934,000 after acquiring an additional 114,843 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of S&P Global by 70,734.1% in 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 acquiring an additional 3,163,938 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of S&P Global by 26.4% in 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 acquiring an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of S&P Global by 3.7% in 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 acquiring an additional 97,324 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Up 1.0%

Shares of NYSE SPGI opened at $477.73 on Tuesday. The company's 50-day simple moving average is $520.17 and its 200-day simple moving average is $513.60. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a market cap of $145.85 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. 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 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 net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on SPGI. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley raised their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, October 9th. Seaport Res Ptn upgraded shares of S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target 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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