Oppenheimer & Co. Inc. Has $1.52 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Oppenheimer & Co. Inc. lessened its stake in S&P Global Inc. (NYSE:SPGI) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,569 shares of the business services provider’s stock after selling 455 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in S&P Global were worth $1,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of S&P Global by 51.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,950 shares of the business services provider’s stock valued at $1,255,000 after purchasing an additional 997 shares during the period. Metis Global Partners LLC grew its stake in S&P Global by 2.2% in the 1st quarter. Metis Global Partners LLC now owns 18,112 shares of the business services provider’s stock valued at $7,706,000 after buying an additional 390 shares during the last quarter. AIA Group Ltd lifted its position in S&P Global by 43.7% during the first quarter. AIA Group Ltd now owns 7,241 shares of the business services provider’s stock worth $3,081,000 after acquiring an additional 2,201 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of S&P Global during the first quarter worth approximately $7,828,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of S&P Global by 4.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,609 shares of the business services provider’s stock valued at $12,172,000 after purchasing an additional 1,294 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on SPGI. Barclays upped their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer lifted their price objective on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research note on Monday, July 1st. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Stifel Nicolaus boosted their price target 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $485.60.

S&P Global Stock Performance

NYSE SPGI opened at $478.32 on Monday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $481.17. The stock has a market cap of $149.67 billion, a PE ratio of 53.62, a PEG ratio of 2.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s fifty day moving average price is $439.83 and its two-hundred day moving average price is $433.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. On average, equities analysts expect that S&P Global Inc. will post 14.16 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is currently 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.