Azzad Asset Management Inc. ADV Has $5.57 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Azzad Asset Management Inc. ADV raised its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 83.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,175 shares of the business services provider's stock after acquiring an additional 5,090 shares during the period. S&P Global makes up 1.1% of Azzad Asset Management Inc. ADV's holdings, making the stock its 14th largest position. Azzad Asset Management Inc. ADV's holdings in S&P Global were worth $5,565,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $27,000. Human Investing LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI stock traded up $2.36 during mid-day trading on Thursday, reaching $513.84. The stock had a trading volume of 650,109 shares, compared to its average volume of 1,219,816. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm's 50 day simple moving average is $491.87 and its 200 day simple moving average is $503.82. The firm has a market cap of $157.59 billion, a PE ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results 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. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the firm posted $4.01 EPS. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Robert W. Baird lowered their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 in the company, 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 available at this link. Insiders own 0.10% of the company's stock.

S&P Global 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.