American National Bank & Trust Co. VA Buys Shares of 12,324 S&P Global Inc. (NYSE:SPGI)

American National Bank & Trust Co. VA bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,324 shares of the business services provider’s stock, valued at approximately $5,243,000.

Several other institutional investors have also added to or reduced their stakes in SPGI. Private Wealth Management Group LLC purchased a new position in shares of S&P Global in the 4th quarter worth $26,000. Pineridge Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth $26,000. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in shares of S&P Global in the 3rd quarter worth $33,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.2 %

NYSE SPGI traded down $1.01 during trading on Thursday, hitting $449.44. The stock had a trading volume of 462,147 shares, compared to its average volume of 1,024,807. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $140.63 billion, a price-to-earnings ratio of 50.39, a P/E/G ratio of 2.50 and a beta of 1.16. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The stock has a 50 day simple moving average of $433.51 and a 200 day simple moving average of $432.01.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Sell-side analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets raised their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $468.33.

S&P Global 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.