Claro Advisors LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Claro Advisors LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 9.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,160 shares of the business services provider’s stock after purchasing an additional 192 shares during the quarter. Claro Advisors LLC’s holdings in S&P Global were worth $919,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPGI. Private Wealth Management Group LLC bought a new position in S&P Global in the 4th quarter worth $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global in the fourth quarter worth about $26,000. Valued Wealth Advisors LLC bought a new stake in S&P Global during the 4th quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus lifted their price target on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, June 21st. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $468.33.

S&P Global Stock Performance

SPGI stock opened at $446.32 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a market cap of $139.65 billion, a P/E ratio of 50.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. The stock’s fifty day moving average price is $431.45 and its 200-day moving average price is $431.72.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. On average, equities analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.