Camrose Capital Investment Partners LLP lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,119 shares of the business services provider’s stock after acquiring an additional 33,234 shares during the quarter. S&P Global comprises approximately 11.2% of Camrose Capital Investment Partners LLP’s holdings, making the stock its 5th biggest holding. Camrose Capital Investment Partners LLP owned approximately 0.08% of S&P Global worth $99,420,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its stake in shares of S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after purchasing an additional 22 shares in the last quarter. Washington Trust Bank grew its stake in shares of S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after buying an additional 23 shares in the last quarter. Hibernia Wealth Partners LLC grew its stake in shares of S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after buying an additional 24 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of S&P Global by 1.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock valued at $795,000 after buying an additional 25 shares during the period. Finally, Chapin Davis Inc. raised its holdings in shares of S&P Global by 1.9% during the 4th quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock valued at $726,000 after buying an additional 26 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.
S&P Global Price Performance
Shares of SPGI stock opened at $435.38 on Tuesday. The firm has a market cap of $128.35 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $557.06. The firm has a fifty day moving average of $423.08 and a two-hundred day moving average of $424.51.
S&P Global Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is currently 23.69%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Royal Bank Of Canada decreased their price target on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Rothschild & Co Redburn dropped their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Bank of America reduced their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, BMO Capital Markets raised their price objective on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $523.59.
Get Our Latest Stock Analysis on S&P Global
S&P Global Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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