AMS Capital Ltda Reduces Stock Position in S&P Global Inc. (NYSE:SPGI)

AMS Capital Ltda reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 60.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,206 shares of the business services provider's stock after selling 11,168 shares during the quarter. S&P Global makes up approximately 1.5% of AMS Capital Ltda's investment portfolio, making the stock its 15th largest position. AMS Capital Ltda's holdings in S&P Global were worth $3,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global in the 4th quarter valued at $27,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the 4th quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of SPGI stock traded up $1.52 during mid-day trading on Thursday, reaching $515.46. The stock had a trading volume of 837,689 shares, compared to its average volume of 1,221,035. S&P Global Inc. has a 12-month low of $425.49 and a 12-month high of $545.39. The company has a market cap of $158.09 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The business has a 50-day simple moving average of $492.47 and a 200 day simple moving average of $504.04. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $4.01 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global's dividend payout ratio is presently 30.16%.

Insider Activity

In related news, EVP Sally Moore sold 500 shares of the business's 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 transaction, the executive vice president now directly owns 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 is accessible through the SEC website. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Wells Fargo & Company upped their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Two investment 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, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.