S&P Global Inc. (NYSE:SPGI) Holdings Reduced by AMS Capital Ltda

AMS Capital Ltda lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 60.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,206 shares of the business services provider's stock after selling 11,168 shares during the period. S&P Global accounts for about 1.5% of AMS Capital Ltda's investment portfolio, making the stock its 15th biggest holding. AMS Capital Ltda's holdings in S&P Global were worth $3,661,000 at the end of the most recent quarter.

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Several other hedge funds have also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new position in S&P Global during the fourth quarter worth about $25,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global during the 4th quarter valued at about $27,000. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of S&P Global by 131.0% in the 4th 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 last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus cut their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

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Check Out Our Latest Analysis on SPGI

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.10% of the company's stock.

S&P Global Trading Up 0.4%

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Shares of SPGI opened at $514.20 on Thursday. The stock's fifty day simple moving average is $492.47 and its 200-day simple moving average is $504.04. 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 has a market capitalization of $157.71 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 12-month low of $425.49 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders 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 annualized dividend and a yield of 0.75%. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

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.

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