Advisors Asset Management Inc. Acquires 308 Shares of S&P Global Inc. (NYSE:SPGI)

Advisors Asset Management Inc. raised its holdings in S&P Global Inc. (NYSE:SPGI) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 21,370 shares of the business services provider’s stock after purchasing an additional 308 shares during the period. Advisors Asset Management Inc.’s holdings in S&P Global were worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Mayflower Financial Advisors LLC lifted its position in shares of S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after buying an additional 23 shares during the last quarter. Allworth Financial LP lifted its position in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after buying an additional 24 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares in the last quarter. Finally, Flputnam Investment Management Co. lifted its holdings in S&P Global by 1.0% during the 4th quarter. Flputnam Investment Management Co. now owns 2,591 shares of the business services provider’s stock worth $1,141,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock traded up $6.46 during trading on Friday, hitting $489.79. 823,310 shares of the stock traded hands, compared to its average volume of 1,259,968. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $153.26 billion, a price-to-earnings ratio of 55.16, a PEG ratio of 2.73 and a beta of 1.16. The firm’s fifty day moving average is $449.75 and its 200-day moving average is $436.53. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $498.15.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Research analysts expect that S&P Global Inc. will post 14.27 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, September 11th. Investors of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.74%. S&P Global’s payout ratio is 40.81%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SPGI shares. Barclays increased their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Morgan Stanley increased their price objective on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a report on Friday, July 5th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. Stifel Nicolaus increased their price objective on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.55.

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.