Valeo Financial Advisors LLC Acquires 94 Shares of S&P Global Inc. (NYSE:SPGI)

Valeo Financial Advisors LLC lifted its position in S&P Global Inc. (NYSE:SPGIFree Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,987 shares of the business services provider’s stock after purchasing an additional 94 shares during the period. Valeo Financial Advisors LLC’s holdings in S&P Global were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Capital Management LLC increased its stake in shares of S&P Global by 2.7% in the fourth 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 grew its stake in S&P Global by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after acquiring an additional 87 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in S&P Global by 15.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after acquiring an additional 190,758 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in S&P Global by 54.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning purchased a new position in S&P Global during the fourth quarter valued at $1,644,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.2 %

Shares of SPGI opened at $449.41 on Thursday. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The company has a 50-day moving average of $432.79 and a 200 day moving average of $431.89. The firm has a market capitalization of $140.62 billion, a price-to-earnings ratio of 50.38, a PEG ratio of 2.50 and a beta of 1.16. 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:SPGIGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. On average, 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 will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.81%. S&P Global’s payout ratio is 40.81%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research note on Monday. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus lifted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays lifted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $468.33.

View Our Latest Report on S&P Global

S&P Global Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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