Vanguard Personalized Indexing Management LLC Raises Stake in S&P Global Inc. $SPGI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in S&P Global Inc. by 16.6% during the second quarter, owning a total of 45,912 shares valued at approximately $24.3 million.
• S&P Global recently declared a quarterly dividend of $0.96 per share, with an annualized yield of 0.8%, set to be paid on December 10th.
• Analysts have raised their price targets for S&P Global, with recommendations indicating a consensus rating of "Buy" and an average price target of around $614.85.

Vanguard Personalized Indexing Management LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 16.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,912 shares of the business services provider's stock after buying an additional 6,542 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in S&P Global were worth $24,294,000 at the end of the most recent quarter.

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

S&P Global Trading Down 0.3%

Shares of SPGI stock opened at $486.39 on Friday. 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. 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 Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm's 50 day moving average price is $529.93 and its two-hundred day moving average price is $514.29.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm 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 dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's payout ratio is 29.54%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. Morgan Stanley lifted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, September 19th. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $614.85.

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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