Advisors Asset Management Inc. Purchases 182 Shares of S&P Global Inc. $SPGI

Advisors Asset Management Inc. increased its position in S&P Global Inc. (NYSE:SPGI) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,233 shares of the business services provider’s stock after buying an additional 182 shares during the period. Advisors Asset Management Inc.’s holdings in S&P Global were worth $11,723,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPGI. Cheviot Value Management LLC bought a new position in shares of S&P Global during the 1st quarter valued at approximately $26,000. Costello Asset Management INC purchased a new stake in S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global during the second quarter valued at $26,000. MTM Investment Management LLC purchased a new position in shares of S&P Global in the 2nd quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of 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 buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $489.35 on Tuesday. The firm’s 50 day simple moving average is $490.98 and its 200-day simple moving average is $516.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $148.17 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, equities analysts predict 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 issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is presently 27.93%.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Barclays raised their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Mizuho lifted their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Company 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.