Blue Zone Wealth Advisors LLC Acquires 255 Shares of S&P Global Inc. (NYSE:SPGI)

Blue Zone Wealth Advisors LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,888 shares of the business services provider’s stock after buying an additional 255 shares during the period. S&P Global accounts for approximately 1.6% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 28th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in S&P Global were worth $4,632,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. Bamco Inc. NY lifted its position in S&P Global by 14.5% during the 3rd quarter. Bamco Inc. NY now owns 17,237 shares of the business services provider’s stock worth $6,299,000 after acquiring an additional 2,182 shares during the last quarter. Morningstar Investment Services LLC lifted its position in shares of S&P Global by 7.8% during the 3rd quarter. Morningstar Investment Services LLC now owns 977 shares of the business services provider’s stock worth $360,000 after purchasing an additional 71 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in S&P Global by 31.6% during the 3rd quarter. CWA Asset Management Group LLC now owns 1,163 shares of the business services provider’s stock valued at $425,000 after purchasing an additional 279 shares during the period. Ancora Advisors LLC grew its holdings in S&P Global by 38.1% in the 3rd quarter. Ancora Advisors LLC now owns 232 shares of the business services provider’s stock valued at $85,000 after buying an additional 64 shares during the last quarter. Finally, Gotham Asset Management LLC increased its position in S&P Global by 11.5% in the 3rd quarter. Gotham Asset Management LLC now owns 4,216 shares of the business services provider’s stock worth $1,541,000 after buying an additional 436 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of S&P Global stock traded down $2.91 during midday trading on Friday, hitting $446.00. 3,028,270 shares of the company were exchanged, compared to its average volume of 969,709. The firm has a 50 day simple moving average of $431.45 and a 200-day simple moving average of $431.72. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16. The firm has a market cap of $139.55 billion, a P/E ratio of 50.00, a PEG ratio of 2.48 and a beta of 1.15. 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 (NYSE:SPGI) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Research analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is currently 40.81%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays increased their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. Stifel Nicolaus upped their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $467.89.

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.