S&P Global Inc. $SPGI Holdings Lifted by Kanawha Capital Management LLC

Kanawha Capital Management LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,336 shares of the business services provider's stock after buying an additional 867 shares during the quarter. Kanawha Capital Management LLC's holdings in S&P Global were worth $7,559,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other institutional investors and hedge funds have also modified their holdings of SPGI. Brighton Jones LLC grew its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after buying an additional 708 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of S&P Global by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after buying an additional 1,166 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of S&P Global by 143.6% during the first quarter. Exchange Traded Concepts LLC now owns 246 shares of the business services provider's stock valued at $125,000 after buying an additional 145 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of S&P Global during the first quarter valued at $470,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPGI shares. Mizuho lifted their price target on S&P Global from $637.00 to $643.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Evercore ISI boosted their target price on S&P Global from $613.00 to $619.00 and gave the company an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $614.23.

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Read Our Latest Report on SPGI

S&P Global Price Performance

Shares of NYSE:SPGI opened at $473.76 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The business has a 50-day moving average of $521.74 and a two-hundred day moving average of $513.26. The stock has a market capitalization of $144.64 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

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S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion during the quarter. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's payout ratio is currently 29.54%.

S&P Global Company Profile

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: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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