S&P Global Inc. (NYSE:SPGI) Stake Raised by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,130 shares of the business services provider’s stock after acquiring an additional 30 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in S&P Global were worth $481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Janney Capital Management LLC increased its stake in S&P Global by 2.7% in the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after purchasing an additional 461 shares in the last quarter. Arkadios Wealth Advisors increased its stake in S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after purchasing an additional 87 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in S&P Global by 15.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after purchasing an additional 190,758 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in S&P Global by 54.2% in the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Aspiriant LLC purchased a new position in S&P Global in the 4th quarter worth about $398,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.3 %

Shares of NYSE SPGI traded down $1.32 during trading hours on Tuesday, hitting $488.51. The stock had a trading volume of 1,399,578 shares, compared to its average volume of 1,259,985. The firm’s 50-day moving average price is $451.75 and its two-hundred day moving average price is $437.40. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $502.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $152.85 billion, a P/E ratio of 54.77, a P/E/G ratio of 2.77 and a beta of 1.16.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. Stifel Nicolaus lifted their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Bank of America lifted their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, June 21st. Barclays lifted their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group lifted their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $494.50.

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.