Marks Group Wealth Management Inc raised its position in S&P Global Inc. (NYSE:SPGI) by 1.3% during the second quarter, HoldingsChannel.com reports. The firm owned 10,972 shares of the business services provider’s stock after buying an additional 137 shares during the quarter. Marks Group Wealth Management Inc’s holdings in S&P Global were worth $4,500,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Solstein Capital LLC purchased a new position in S&P Global in the first quarter valued at about $27,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of S&P Global in the first quarter worth about $33,000. Grandview Asset Management LLC acquired a new stake in shares of S&P Global in the first quarter worth about $47,000. Prentice Wealth Management LLC acquired a new stake in shares of S&P Global in the first quarter worth about $47,000. Finally, Arkadios Wealth Advisors lifted its position in shares of S&P Global by 100.0% in the second quarter. Arkadios Wealth Advisors now owns 122 shares of the business services provider’s stock worth $50,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.
Shares of SPGI stock traded up $0.69 during trading hours on Wednesday, hitting $452.28. The company had a trading volume of 15,043 shares, compared to its average volume of 1,446,920. S&P Global Inc. has a 12 month low of $303.50 and a 12 month high of $456.63. The firm has a market capitalization of $109.00 billion, a price-to-earnings ratio of 44.36, a PEG ratio of 3.43 and a beta of 0.95. The firm’s fifty day moving average is $432.51 and its 200 day moving average is $395.66. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.09 and a current ratio of 2.09.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Thursday, August 26th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, August 25th. This represents a $3.08 dividend on an annualized basis and a yield of 0.68%. S&P Global’s dividend payout ratio (DPR) is presently 26.35%.
A number of brokerages have weighed in on SPGI. Morgan Stanley boosted their price target on S&P Global from $476.00 to $491.00 and gave the stock an “overweight” rating in a research report on Friday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on S&P Global from $450.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Royal Bank of Canada initiated coverage on S&P Global in a research report on Wednesday, July 7th. They set an “outperform” rating and a $476.00 price objective for the company. Stifel Nicolaus boosted their price objective on S&P Global from $446.00 to $467.00 and gave the stock a “buy” rating in a research report on Tuesday, July 6th. Finally, Raymond James boosted their price objective on S&P Global from $443.00 to $455.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $454.33.
About S&P Global
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.
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