S&P Global Inc. (NYSE:SPGI) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC increased its position in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,431 shares of the business services provider’s stock after purchasing an additional 66 shares during the period. Avestar Capital LLC’s holdings in S&P Global were worth $630,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $26,000. Valued Wealth Advisors LLC acquired a new stake in S&P Global during the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group increased its stake in S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares during the last quarter. Fortis Group Advisors LLC purchased a new stake in S&P Global in the third quarter valued at $33,000. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets raised their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus boosted their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Oppenheimer increased their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, May 24th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $467.89.

Check Out Our Latest Research Report on SPGI

S&P Global Stock Down 0.8 %

Shares of SPGI traded down $3.37 during midday trading on Thursday, hitting $421.59. The company had a trading volume of 892,846 shares, compared to its average volume of 1,327,155. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The firm has a market capitalization of $131.92 billion, a P/E ratio of 47.26, a P/E/G ratio of 2.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company’s 50-day simple moving average is $425.08 and its 200-day simple moving average is $428.28.

S&P Global (NYSE:SPGIGet Free Report) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. As a group, sell-side analysts expect that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.86%. S&P Global’s payout ratio is currently 40.81%.

S&P Global Company Profile

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

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

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