American International Group Inc. Has $45.14 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

American International Group Inc. decreased its stake in S&P Global Inc. (NYSE:SPGI) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,474 shares of the business services provider’s stock after selling 3,425 shares during the period. American International Group Inc.’s holdings in S&P Global were worth $45,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $26,000. Valued Wealth Advisors LLC bought a new position in S&P Global in the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group lifted its position in S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the period. Fortis Group Advisors LLC bought a new position in S&P Global in the third quarter worth $33,000. Finally, LFA Lugano Financial Advisors SA lifted its position in S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares during the period. 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 research reports. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. 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, May 24th. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Stock Down 0.6 %

Shares of SPGI traded down $2.79 on Friday, hitting $434.40. The company’s stock had a trading volume of 789,413 shares, compared to its average volume of 975,415. 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 firm’s fifty day moving average price is $426.86 and its 200-day moving average price is $430.22. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The firm has a market capitalization of $135.92 billion, a price-to-earnings ratio of 48.70, a P/E/G ratio of 2.41 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its earnings results 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 analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities research analysts expect that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, May 29th. S&P Global’s dividend payout ratio is currently 40.81%.

About S&P Global

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.