Amalgamated Bank Has $31.50 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Amalgamated Bank grew its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,994 shares of the business services provider's stock after buying an additional 701 shares during the quarter. Amalgamated Bank's holdings in S&P Global were worth $31,499,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in S&P Global in the 4th quarter valued at approximately $1,725,084,000. GAMMA Investing LLC increased its position in S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Raymond James Financial Inc. bought a new position in shares of S&P Global during the fourth quarter valued at $527,207,000. Northern Trust Corp lifted its holdings in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of S&P Global during the fourth quarter worth $238,503,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 0.6%

NYSE:SPGI opened at $518.23 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $158.94 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.52 and a beta of 1.20. The firm has a fifty day simple moving average of $506.39 and a two-hundred day simple moving average of $503.41. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business's 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. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Activity

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Bank of America started coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. UBS Group increased their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.