Montag A & Associates Inc. Grows Stake in S&P Global Inc. (NYSE:SPGI)

Montag A & Associates Inc. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,419 shares of the business services provider’s stock after buying an additional 210 shares during the period. Montag A & Associates Inc.’s holdings in S&P Global were worth $2,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. D.B. Root & Company LLC raised its stake in S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 23 shares during the last quarter. Allworth Financial LP grew its position in S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after acquiring an additional 24 shares in the last quarter. Oakworth Capital Inc. increased its stake in S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after acquiring an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its stake in shares of S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7 %

Shares of SPGI stock traded up $3.08 during mid-day trading on Thursday, hitting $432.29. The stock had a trading volume of 989,579 shares, compared to its average volume of 1,359,554. The firm has a market capitalization of $135.26 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The firm’s 50-day moving average is $422.49 and its two-hundred day moving average is $421.03.

S&P Global (NYSE:SPGI) last issued its earnings results 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. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent research reports. BMO Capital Markets increased their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Barclays upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Oppenheimer increased their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus boosted their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $462.60.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

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.