American Money Management LLC Raises Stock Position in S&P Global Inc. (NYSE:SPGI)

Key Points

• American Money Management LLC increased its stock position in S&P Global Inc. by 20.5% during the first quarter, owning nearly 6,000 shares valued at approximately $3.03 million.
• S&P Global reported earnings of $4.43 per share, exceeding analyst expectations, with quarterly revenue reaching $3.76 billion, up 5.8% year-over-year.
• Analysts have raised price targets for S&P Global, with UBS and JPMorgan setting new targets at $620 and $625, respectively, reflecting a consensus rating of "Moderate Buy."

American Money Management LLC raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,957 shares of the business services provider's stock after buying an additional 1,012 shares during the period. American Money Management LLC's holdings in S&P Global were worth $3,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stegent Equity Advisors Inc. increased its holdings in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after buying an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its position in shares of S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after purchasing an additional 20 shares during the period. Integrated Investment Consultants LLC grew its position in shares of S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after purchasing an additional 21 shares during the period. Hemington Wealth Management grew its position in shares of S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after purchasing an additional 21 shares during the period. Finally, Retirement Planning Group LLC grew its position in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI opened at $562.53 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $171.74 billion, a PE ratio of 43.27, a PEG ratio of 2.99 and a beta of 1.19. The firm's 50-day moving average price is $528.18 and its 200 day moving average price is $512.02. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $566.56.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.04 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SPGI shares. UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Robert W. Baird dropped their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.69.

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.

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