S&P Global Inc. (NYSE:SPGI) Holdings Raised by Montag A & Associates Inc.

Montag A & Associates Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,419 shares of the business services provider’s stock after acquiring an additional 210 shares during the period. Montag A & Associates Inc.’s holdings in S&P Global were worth $2,387,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SPGI. Wellington Management Group LLP boosted its position in shares of S&P Global by 13.2% during the 3rd 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 purchasing an additional 881,215 shares in the last quarter. Morgan Stanley boosted its holdings in S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after buying an additional 428,737 shares in the last quarter. Northern Trust Corp grew its position in S&P Global by 1.6% in the third quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after buying an additional 52,560 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 valued at $798,821,000 after buying an additional 83,174 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,816,218 shares of the business services provider’s stock valued at $800,080,000 after acquiring an additional 32,897 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several analyst reports. Stifel Nicolaus upped their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Oppenheimer lifted their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.60.

S&P Global Stock Up 0.7 %

Shares of NYSE SPGI traded up $3.08 during mid-day trading on Thursday, reaching $432.29. The company had a trading volume of 989,579 shares, compared to its average volume of 1,359,554. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The stock’s 50 day moving average is $422.49 and its 200-day moving average is $421.03. The stock has a market capitalization of $135.26 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14.

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

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

S&P Global Company 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.