AE Wealth Management LLC Has $34.48 Million Stock Position in S&P Global Inc. $SPGI

AE Wealth Management LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,836 shares of the business services provider’s stock after buying an additional 1,288 shares during the period. AE Wealth Management LLC’s holdings in S&P Global were worth $34,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Brighton Jones LLC grew its position in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of S&P Global by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 85,333 shares of the business services provider’s stock worth $44,996,000 after buying an additional 369 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of S&P Global by 206.7% during the second quarter. Capital Investment Advisors LLC now owns 1,607 shares of the business services provider’s stock valued at $848,000 after buying an additional 1,083 shares in the last quarter. Finally, XML Financial LLC grew its holdings in shares of S&P Global by 5.7% during the second quarter. XML Financial LLC now owns 921 shares of the business services provider’s stock valued at $486,000 after buying an additional 50 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.3%

SPGI stock opened at $528.01 on Thursday. The firm has a market cap of $159.88 billion, a PE ratio of 38.40, a PEG ratio of 2.24 and a beta of 1.21. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a fifty day simple moving average of $517.17 and a 200 day simple moving average of $517.35. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $3.89 earnings per share. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio is 27.93%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPGI. The Goldman Sachs Group restated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research report on Tuesday, December 16th. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Evercore ISI increased their target price on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.