AG Asset Advisory LLC Makes New $356,000 Investment in S&P Global Inc. (NYSE:SPGI)

AG Asset Advisory LLC bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 714 shares of the business services provider's stock, valued at approximately $356,000. S&P Global accounts for approximately 0.4% of AG Asset Advisory LLC's portfolio, making the stock its 16th biggest position.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC increased its stake in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares during the period. Northern Trust Corp raised its position in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in S&P Global during the 4th quarter worth $238,503,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. BMO Capital Markets upped their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Price Performance

Shares of SPGI stock traded down $5.37 during trading hours on Wednesday, hitting $511.33. The company's stock had a trading volume of 877,935 shares, compared to its average volume of 1,220,699. The business has a fifty day moving average of $491.87 and a 200-day moving average of $503.82. The stock has a market cap of $156.82 billion, a price-to-earnings ratio of 41.40, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.01 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.

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.