AGF Investments Inc. lifted its stake in shares of S&P Global Inc (NYSE:SPGI) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,550 shares of the business services provider’s stock after buying an additional 794 shares during the quarter. AGF Investments Inc.’s holdings in S&P Global were worth $6,016,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Liberty Wealth Management LLC acquired a new position in S&P Global in the first quarter valued at approximately $29,000. Virtus ETF Advisers LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $32,000. FinTrust Capital Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $33,000. Sandy Spring Bank lifted its stake in S&P Global by 101.6% in the fourth quarter. Sandy Spring Bank now owns 125 shares of the business services provider’s stock valued at $34,000 after buying an additional 63 shares during the last quarter. Finally, Ameritas Investment Company LLC lifted its stake in S&P Global by 1,437.5% in the fourth quarter. Ameritas Investment Company LLC now owns 123 shares of the business services provider’s stock valued at $34,000 after buying an additional 115 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
SPGI has been the subject of a number of research reports. Cantor Fitzgerald boosted their price objective on S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Co boosted their price objective on S&P Global from $250.00 to $260.00 in a research note on Thursday, April 30th. ValuEngine upgraded S&P Global from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $262.00 price objective for the company in a research note on Friday, March 27th. Finally, UBS Group upped their price target on S&P Global from $275.00 to $332.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $293.62.
NYSE:SPGI opened at $311.86 on Friday. The stock has a fifty day moving average price of $282.87 and a two-hundred day moving average price of $274.67. The stock has a market capitalization of $74.87 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 3.09 and a beta of 1.04. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.24 and a current ratio of 1.24. S&P Global Inc has a 1 year low of $186.05 and a 1 year high of $317.29.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.37. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.67 billion. S&P Global had a return on equity of 758.90% and a net margin of 34.02%. S&P Global’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 earnings per share. On average, analysts predict that S&P Global Inc will post 10.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 26th. S&P Global’s payout ratio is 28.12%.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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