New Age Alpha Advisors LLC Has $6.84 Million Position in S&P Global Inc. (NYSE:SPGI)

Key Points

• New Age Alpha Advisors LLC significantly increased its stake in S&P Global Inc. by 469.1% during Q1, bringing its total holdings to 13,464 shares valued at approximately $6.84 million.
• Multiple hedge funds have also adjusted their positions in S&P Global, with 87.17% of the company's stock now held by institutional investors.
• S&P Global recently reported earnings of $4.43 per share for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.96, reflecting a yield of 0.7%.

New Age Alpha Advisors LLC boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 469.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,464 shares of the business services provider's stock after acquiring an additional 11,098 shares during the period. New Age Alpha Advisors LLC's holdings in S&P Global were worth $6,841,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings 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 last quarter. Northern Trust Corp lifted its position in shares of S&P Global by 19.1% in 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in S&P Global in the fourth quarter worth approximately $238,503,000. BlueSpruce Investments LP acquired a new position in S&P Global in the fourth quarter worth approximately $178,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in S&P Global by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after purchasing an additional 357,790 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.7%

Shares of NYSE SPGI traded down $3.77 during midday trading on Thursday, reaching $558.79. 1,084,879 shares of the stock were exchanged, compared to its average volume of 1,162,194. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $566.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.98. The company has a 50 day simple moving average of $524.54 and a 200 day simple moving average of $510.73. The stock has a market capitalization of $170.60 billion, a P/E ratio of 42.98, a PEG ratio of 3.01 and a beta of 1.19.

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

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPGI shares. BMO Capital Markets increased their price objective on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their price target on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on 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, Morgan Stanley upped their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus price target of $611.69.

About S&P Global

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.