Capital Investment Advisors LLC Has $266,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Capital Investment Advisors LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 29.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 524 shares of the business services provider’s stock after buying an additional 119 shares during the quarter. Capital Investment Advisors LLC’s holdings in S&P Global were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Minot DeBlois Advisors LLC acquired a new stake in S&P Global in the fourth quarter worth $25,000. Anderson Financial Strategies LLC acquired a new position in S&P Global during the 4th quarter worth approximately $27,000. Human Investing LLC bought a new position in S&P Global in the fourth quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global in the fourth quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America initiated coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Stifel Nicolaus decreased their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley raised their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Stock Performance

Shares of SPGI opened at $513.89 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $157.61 billion, a PE ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The stock’s fifty day moving average price is $494.55 and its two-hundred day moving average price is $504.34.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business earned $4.01 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a $0.96 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global’s dividend payout ratio is 30.16%.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

About S&P Global

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.