AE Wealth Management LLC Grows Position in S&P Global Inc. $SPGI

AE Wealth Management LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,548 shares of the business services provider’s stock after acquiring an additional 1,751 shares during the period. AE Wealth Management LLC’s holdings in S&P Global were worth $36,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Costello Asset Management INC bought a new stake in shares of S&P Global in the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the 2nd quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC increased its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in shares of S&P Global during the 1st quarter worth approximately $32,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

SPGI opened at $495.89 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market cap of $150.15 billion, a P/E ratio of 38.15, a PEG ratio of 2.50 and a beta of 1.17. The business has a fifty day moving average of $502.04 and a 200 day moving average of $516.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is 27.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Mizuho increased their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Evercore ISI lifted their price target on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $538.00 price objective on shares of S&P Global in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $612.38.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.