PFG Advisors Buys 2,100 Shares of S&P Global Inc. (NYSE:SPGI)

PFG Advisors raised its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 27.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,843 shares of the business services provider's stock after purchasing an additional 2,100 shares during the period. PFG Advisors' holdings in S&P Global were worth $5,001,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter worth $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global in the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $28,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of S&P Global in the first quarter worth approximately $33,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SPGI. Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $601.07.

S&P Global Trading Down 0.4%

Shares of SPGI stock opened at $522.52 on Tuesday. The firm has a 50-day moving average price of $517.59 and a 200 day moving average price of $506.43. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $160.26 billion, a P/E ratio of 41.05, a P/E/G ratio of 2.53 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued 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. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the company earned $4.01 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. Research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced 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 is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global's dividend payout ratio is currently 30.16%.

Insider Activity

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company's stock.

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.

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