S&P Global Inc. $SPGI Stock Position Increased by Birch Hill Investment Advisors LLC

Key Points

• Birch Hill Investment Advisors LLC increased its stake in S&P Global Inc. by 1.2%, holding 105,119 shares valued at approximately $55.4 million as of the last quarter.
• Several research analysts have raised their price targets for S&P Global, with Citigroup setting a new target of $635 and a consensus price target of $614.23.
• S&P Global announced a quarterly dividend of $0.96 per share, reflecting an annual yield of 0.8% and a payout ratio of 29.54%.

Birch Hill Investment Advisors LLC lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,119 shares of the business services provider's stock after buying an additional 1,197 shares during the period. S&P Global makes up 2.5% of Birch Hill Investment Advisors LLC's holdings, making the stock its 17th largest position. Birch Hill Investment Advisors LLC's holdings in S&P Global were worth $55,428,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Stegent Equity Advisors Inc. grew its holdings in shares of S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after acquiring an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its holdings in shares of S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after acquiring an additional 20 shares during the last quarter. Foster Group Inc. grew its holdings in shares of S&P Global by 0.9% in the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider's stock worth $1,180,000 after acquiring an additional 20 shares during the last quarter. Quent Capital LLC grew its holdings in shares of S&P Global by 1.9% in the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider's stock worth $571,000 after acquiring an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC grew its holdings in shares of S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after acquiring an additional 21 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a report on Monday, September 15th. 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. JPMorgan Chase & Co. lifted their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company lifted their price target on S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Finally, Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $614.23.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $483.85 on Wednesday. The business's 50-day moving average price is $518.66 and its two-hundred day moving average price is $513.40. 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 Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a market capitalization of $147.72 billion, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 2.52 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 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 for the quarter. Analysts anticipate 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. Shareholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 29.54%.

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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