S&P Global Inc. (NYSE:SPGI) Shares Acquired by Thrive Wealth Management LLC

Thrive Wealth Management LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,592 shares of the business services provider’s stock after acquiring an additional 88 shares during the period. Thrive Wealth Management LLC’s holdings in S&P Global were worth $1,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Private Wealth Management Group LLC acquired a new position in S&P Global in the 4th quarter valued at about $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global in the 4th quarter valued at about $26,000. Valued Wealth Advisors LLC purchased a new stake in S&P Global in the 4th quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group grew its holdings in 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 valued at $28,000 after buying an additional 25 shares during the period. Finally, Fortis Group Advisors LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SPGI. Stifel Nicolaus lifted their price target on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, June 21st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Oppenheimer boosted their target price on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.89.

S&P Global Stock Performance

Shares of SPGI stock traded down $3.15 on Friday, hitting $445.76. 204,396 shares of the stock traded hands, compared to its average volume of 1,271,790. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $139.48 billion, a PE ratio of 50.33, a PEG ratio of 2.49 and a beta of 1.15. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The company’s fifty day moving average is $430.07 and its 200 day moving average is $431.44.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities research analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current fiscal 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 $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.82%. S&P Global’s payout ratio is 40.81%.

About S&P Global

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.