Beach Investment Management LLC. Takes Position in S&P Global Inc. (SPGI)

Several research analysts recently issued reports on the company. UBS AG raised their target price on S&P Global from $154.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, July 28th. Zacks Investment Research upgraded S&P Global from a "hold" rating to a "buy" rating and set a $167.00 price target for the company in a research note on Monday, July 17th. Lastly, Morgan Stanley restated an "equal weight" recommendation and fixed a $146.00 target price (up prior from $145.00) on stocks of S&P Global in a note on Fri, Jul 14th. S&P Global presently has an average rating of "Buy" and an average target price of $153.73. Finally, Barclays PLC boosted their target price on shares of S&P Global from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of "Buy" and a consensus price target of $153.73.

Alpha Windward LLC lowered its stake in shares of S&P Global Inc. The company has a 50 day moving average of $150.42 and a 200 day moving average of $138.25. The stock has a market capitalization of $38.58 billion, a price-to-earnings ratio of 17.49 and a beta of 1.52. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. Zacks' Earnings Per Share calculations are a mean estimate based on a study of research analysts that that provide coverage for S&P Global. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year. "(NYSE:SPGI)" was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another site, it was stolen and republished in violation of United States & worldwide copyright legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/08/17/sp-global-inc-spgi-raised-to-buy-at-zacks-investment-research.html.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Traders who own the stock with a record date on Mon, Aug 28th will be given a $0.41 dividend. this indicates a $1.64 annual dividend and a payout of 1.09%. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thurs, Aug 24th. S&P Global's dividend payout ratio is now 19.16%.

In other S&P Global news, Director Marco Alvera purchased 400 shares of the firm's stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $140.09 per share, with a total value of $56,036.00. Following the completion of the transaction, the director now directly owns 400 shares of the company's stock, valued at $56,036. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Alpha Windward LLC's holdings in S&P Global were worth $310,000 as of its most recent SEC filing. Inc. purchased a new stake in S&P Global during the second quarter valued at $14,612,000. Signature Financial Management Inc. now owns 25,898 shares of the business services provider's stock worth $3,782,000 after buying an additional 8,696 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of S&P Global by 0.6% in the second quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider's stock worth $131,000 after buying an additional 10 shares during the period. Accern also assigned news stories about the business services provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. Mn Services Vermogensbeheer B.V. raised its position in shares of S&P Global by 509.7% in the second quarter. World Asset Management Inc now owns 30,950 shares of the business services provider's stock valued at $4,046,000 after buying an additional 4,764 shares during the period. Finally, First Quadrant L P CA purchased a new position in shares of S&P Global during the second quarter worth approximately $415,000. U S Global clients has an ownership of 18,558 stocks of the firm services provider's shares valued at $2,709,000 after scooping up an extra 7,222 shares through out the quarter. The firm owned 2,123 shares of the business services provider's stock after selling 48 shares during the period. Independent Franchise Partners LLP raised its position in S&P Global by 0.6% in the second quarter. The corporation operates through around three segments: recommendation, which provides credit recommendation, analysis and analytics to clients, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class information, analysis and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, information, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and hedge fund investors.

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