Ameriprise Financial Inc. Purchases 118,034 Shares of S&P Global Inc. $SPGI

Ameriprise Financial Inc. increased its position in S&P Global Inc. (NYSE:SPGI) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,596,875 shares of the business services provider’s stock after acquiring an additional 118,034 shares during the quarter. Ameriprise Financial Inc.’s holdings in S&P Global were worth $838,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Emerald Advisers LLC boosted its position in S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after purchasing an additional 18 shares during the period. Fullcircle Wealth LLC lifted its stake in shares of S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after buying an additional 18 shares in the last quarter. Summitry LLC lifted its stake in shares of S&P Global by 2.1% during the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after buying an additional 18 shares in the last quarter. Hamilton Capital LLC boosted its holdings in S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after buying an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC grew its stake in S&P Global by 3.1% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after buying an additional 19 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.7%

Shares of NYSE SPGI opened at $500.95 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $490.15 and a 200-day moving average of $514.66. The firm has a market capitalization of $151.69 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $1.87 billion for the quarter. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were given a $0.96 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is 27.93%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley increased their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Stifel Nicolaus dropped their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $613.00.

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.