Catalina Capital Group LLC Has $572,000 Position in S&P Global Inc. (NYSE:SPGI)

Catalina Capital Group LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 73.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,344 shares of the business services provider’s stock after buying an additional 567 shares during the quarter. Catalina Capital Group LLC’s holdings in S&P Global were worth $572,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group lifted its position in shares of S&P Global by 26.7% during the third quarter. Schroder Investment Management Group now owns 51,050 shares of the business services provider’s stock worth $18,654,000 after purchasing an additional 10,747 shares in the last quarter. Creative Planning raised its position in S&P Global by 5.7% in the 3rd quarter. Creative Planning now owns 38,386 shares of the business services provider’s stock worth $14,026,000 after purchasing an additional 2,056 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in S&P Global by 9.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 822 shares of the business services provider’s stock worth $300,000 after buying an additional 68 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in S&P Global in the 3rd quarter valued at $95,000. Finally, Diversified Trust Co boosted its position in S&P Global by 28.2% in the 3rd quarter. Diversified Trust Co now owns 18,533 shares of the business services provider’s stock valued at $6,772,000 after buying an additional 4,077 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 1.2 %

Shares of SPGI stock traded up $5.70 on Wednesday, hitting $466.00. The stock had a trading volume of 1,233,366 shares, compared to its average volume of 1,271,531. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $466.06. The company has a fifty day moving average price of $436.64 and a two-hundred day moving average price of $432.59. The firm has a market cap of $145.81 billion, a P/E ratio of 52.10, a PEG ratio of 2.53 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. As a group, analysts forecast that S&P Global Inc. will post 14.14 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.78%. S&P Global’s payout ratio is 40.81%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SPGI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley increased their price objective on shares of S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Finally, BMO Capital Markets lifted their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $485.60.

S&P Global 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.