Delap Wealth Advisory LLC Invests $205,000 in S&P Global Inc. (NYSE:SPGI)

Delap Wealth Advisory LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 483 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in S&P Global during the fourth quarter worth $1,652,862,000. Capital International Investors lifted its stake in S&P Global by 12.6% during the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after purchasing an additional 616,732 shares during the last quarter. Mackenzie Financial Corp lifted its stake in S&P Global by 24.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock worth $662,013,000 after purchasing an additional 294,896 shares during the last quarter. Wells Fargo & Company MN lifted its stake in S&P Global by 11.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,624,308 shares of the business services provider’s stock worth $1,156,060,000 after purchasing an additional 279,633 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in S&P Global by 348.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 336,640 shares of the business services provider’s stock worth $148,284,000 after purchasing an additional 261,526 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. 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. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Bank of America lifted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $490.55.

S&P Global Trading Up 1.8 %

SPGI traded up $8.71 during trading on Friday, reaching $492.04. The company had a trading volume of 283,178 shares, compared to its average volume of 1,256,191. The firm’s 50-day simple moving average is $449.75 and its 200 day simple moving average is $436.53. The company has a market cap of $153.96 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 2.73 and a beta of 1.16. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $498.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last announced 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. 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 analyst estimates of $3.39 billion. Equities research analysts anticipate that S&P Global Inc. will post 14.27 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. S&P Global’s payout ratio is presently 40.81%.

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.