Checchi Capital Advisers LLC Has $1.36 Million Position in S&P Global Inc. (NYSE:SPGI)

Checchi Capital Advisers LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,384 shares of the business services provider’s stock after buying an additional 117 shares during the period. Checchi Capital Advisers LLC’s holdings in S&P Global were worth $1,357,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPGI. Fiduciary Alliance LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at $27,000. Resources Management Corp CT ADV bought a new position in shares of S&P Global in the first quarter valued at about $28,000. Addison Advisors LLC raised its holdings in shares of S&P Global by 74.5% in the first quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. ZRC Wealth Management LLC bought a new position in shares of S&P Global in the first quarter valued at about $37,000. Finally, Archer Investment Corp bought a new position in shares of S&P Global in the second quarter valued at about $37,000. Institutional investors and hedge funds own 85.50% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $404.59 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $128.17 billion, a PE ratio of 52.01, a price-to-earnings-growth ratio of 2.49 and a beta of 1.13. The stock has a 50-day moving average of $372.18 and a 200-day moving average of $381.11. S&P Global Inc. has a one year low of $321.14 and a one year high of $428.65.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a $0.90 dividend. The ex-dividend date is Monday, November 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.89%. S&P Global’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity

In related news, insider Saugata Saha sold 200 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $390.13, for a total value of $78,026.00. Following the completion of the transaction, the insider now directly owns 934 shares in the company, valued at approximately $364,381.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPGI. TheStreet cut S&P Global from a “b” rating to a “c+” rating in a report on Thursday, July 27th. StockNews.com began coverage on S&P Global in a report on Thursday, October 5th. They set a “hold” rating for the company. Robert W. Baird dropped their price objective on S&P Global from $460.00 to $451.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Raymond James dropped their price objective on S&P Global from $421.00 to $403.00 and set an “outperform” rating for the company in a report on Thursday, October 5th. Finally, Wolfe Research began coverage on S&P Global in a report on Thursday, September 14th. They set an “outperform” rating and a $453.00 price objective for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $420.18.

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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.