MJP Associates Inc. ADV Invests $300,000 in S&P Global Inc. (NYSE:SPGI)

MJP Associates Inc. ADV purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 706 shares of the business services provider’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. D.B. Root & Company LLC grew its holdings in S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after buying an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC grew its holdings in shares of S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares during the period. Allworth Financial LP increased its position in S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. raised its stake in S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares during the period. Finally, Independence Bank of Kentucky boosted its holdings in S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday. Oppenheimer lifted their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays increased their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Price Performance

SPGI stock opened at $439.22 on Friday. The business’s fifty day moving average price is $427.84 and its 200 day moving average price is $430.81. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $137.43 billion, a PE ratio of 49.24, a P/E/G ratio of 2.44 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a yield of 0.83%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

About S&P Global

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.