Janney Montgomery Scott LLC Buys 644 Shares of S&P Global Inc. (NYSE:SPGI)

Janney Montgomery Scott LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% in the first quarter, Holdings Channel reports. The fund owned 84,964 shares of the business services provider’s stock after acquiring an additional 644 shares during the period. Janney Montgomery Scott LLC’s holdings in S&P Global were worth $43,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global during the fourth quarter worth about $27,000. Human Investing LLC acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global in the fourth quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings 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 acquiring an additional 38 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction 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 now owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 price target for the company. UBS Group raised their target price on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Trading Up 0.6%

SPGI opened at $504.63 on Tuesday. The firm has a 50 day simple moving average of $498.39 and a 200 day simple moving average of $503.71. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The company has a market cap of $154.77 billion, a price-to-earnings ratio of 40.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company posted $4.01 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

S&P Global Company 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.