AJOVista LLC Purchases Shares of 246 S&P Global Inc. (NYSE:SPGI)

AJOVista LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 246 shares of the business services provider’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its position in S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the last quarter. Morgan Stanley grew its holdings in shares of S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares during the last quarter. Northern Trust Corp raised its position in S&P Global by 1.6% in the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after purchasing an additional 52,560 shares during the period. Ameriprise Financial Inc. lifted its stake in S&P Global by 3.9% in the third quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock worth $798,821,000 after purchasing an additional 83,174 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in S&P Global by 24.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock valued at $662,013,000 after buying an additional 294,896 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Raymond James increased their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Oppenheimer upped their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus raised their price target on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Stock Up 2.0 %

Shares of NYSE:SPGI traded up $8.22 during trading on Friday, hitting $425.18. The stock had a trading volume of 1,917,839 shares, compared to its average volume of 1,418,015. The company has a market capitalization of $133.04 billion, a PE ratio of 47.67, a PEG ratio of 2.37 and a beta of 1.14. 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 is $422.63 and its 200 day moving average is $419.15. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. Analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s payout ratio is currently 40.81%.

Insiders Place Their Bets

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.