S&P Global Inc. (NYSE:SPGI) Stock Position Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,964 shares of the business services provider’s stock after buying an additional 644 shares during the quarter. Janney Montgomery Scott LLC’s holdings in S&P Global were worth $43,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Geode Capital Management LLC grew its position in S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after acquiring an additional 116,208 shares in the last quarter. Norges Bank acquired a new position in S&P Global during the fourth quarter worth $1,725,084,000. Northern Trust Corp raised its holdings in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after buying an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock worth $1,529,653,000 after buying an additional 357,790 shares during the last quarter. Finally, Amundi boosted its stake in shares of S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

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

Analyst Ratings Changes

Several research firms recently weighed in on SPGI. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Robert W. Baird lowered their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

S&P Global Trading Up 0.6%

Shares of SPGI opened at $504.63 on Tuesday. The stock’s 50-day moving average price is $498.39 and its 200 day moving average price is $503.71. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $154.77 billion, a price-to-earnings ratio of 40.86, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39.

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

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. S&P Global’s dividend payout ratio is currently 30.16%.

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.