AGF Investments Inc. Increases Stock Holdings in S&P Global Inc (NYSE:SPGI)

AGF Investments Inc. lifted its stake in shares of S&P Global Inc (NYSE:SPGI) by 3.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,550 shares of the business services provider’s stock after acquiring an additional 794 shares during the period. AGF Investments Inc.’s holdings in S&P Global were worth $6,016,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SPGI. Liberty Wealth Management LLC acquired a new stake in S&P Global during the 1st quarter valued at approximately $29,000. Virtus ETF Advisers LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $32,000. FinTrust Capital Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $33,000. Sandy Spring Bank grew its stake in S&P Global by 101.6% during the 4th quarter. Sandy Spring Bank now owns 125 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares in the last quarter. Finally, Ameritas Investment Company LLC grew its stake in S&P Global by 1,437.5% during the 4th quarter. Ameritas Investment Company LLC now owns 123 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Shares of S&P Global stock opened at $311.86 on Friday. The business’s fifty day moving average price is $282.87 and its two-hundred day moving average price is $274.67. The company has a debt-to-equity ratio of 8.52, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $74.87 billion, a P/E ratio of 32.62, a PEG ratio of 3.09 and a beta of 1.04. S&P Global Inc has a 1-year low of $186.05 and a 1-year high of $317.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.37. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.67 billion. S&P Global had a return on equity of 758.90% and a net margin of 34.02%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 EPS. On average, research analysts expect that S&P Global Inc will post 10.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 26th. S&P Global’s payout ratio is currently 28.12%.

SPGI has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised their price objective on S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $262.00 target price for the company in a research report on Friday, March 27th. Morgan Stanley lifted their target price on S&P Global from $290.00 to $316.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BMO Capital Markets lifted their target price on S&P Global from $278.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus decreased their target price on S&P Global from $322.00 to $280.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $293.62.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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