S&P Global Inc. (NYSE:SPGI) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in S&P Global Inc. (NYSE:SPGI) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,935 shares of the business services provider’s stock after purchasing an additional 317 shares during the period. Avantax Advisory Services Inc.’s holdings in S&P Global were worth $3,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in shares of S&P Global by 3.1% in the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 143,782 shares of the business services provider’s stock valued at $61,172,000 after buying an additional 4,333 shares in the last quarter. Hohimer Wealth Management LLC increased its stake in S&P Global by 19.3% in the first quarter. Hohimer Wealth Management LLC now owns 2,721 shares of the business services provider’s stock valued at $1,158,000 after purchasing an additional 440 shares during the last quarter. QRG Capital Management Inc. increased its stake in S&P Global by 3.4% in the first quarter. QRG Capital Management Inc. now owns 18,993 shares of the business services provider’s stock valued at $8,080,000 after purchasing an additional 616 shares during the last quarter. Sustainable Growth Advisers LP grew its position in S&P Global by 2.1% during the first quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock valued at $935,885,000 after acquiring an additional 46,131 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in S&P Global during the first quarter valued at about $2,529,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Oppenheimer upped their target price on S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. BMO Capital Markets increased their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Morgan Stanley raised their target price on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, July 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Finally, Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $490.55.

S&P Global Stock Up 1.3 %

SPGI stock traded up $6.27 during trading hours on Tuesday, reaching $488.82. 1,215,102 shares of the stock were exchanged, compared to its average volume of 1,271,116. The firm’s 50-day moving average is $440.96 and its 200-day moving average is $433.62. The company has a market cap of $152.95 billion, a price-to-earnings ratio of 54.52, a PEG ratio of 2.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $488.85.

S&P Global (NYSE:SPGI) last issued its earnings results 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 net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. On average, equities research analysts expect that S&P Global Inc. will post 14.16 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid 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 yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 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.