Aprio Wealth Management LLC Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Aprio Wealth Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 23.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699 shares of the business services provider’s stock after purchasing an additional 134 shares during the quarter. Aprio Wealth Management LLC’s holdings in S&P Global were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP grew its position in S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the last quarter. Morgan Stanley grew its holdings in shares of S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after purchasing an additional 428,737 shares during the last quarter. Capital International Investors grew its holdings in shares of S&P Global by 12.6% in the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after purchasing an additional 616,732 shares during the last quarter. Norges Bank bought a new position in shares of S&P Global in the fourth quarter worth approximately $1,652,862,000. Finally, Northern Trust Corp grew its holdings in shares of S&P Global by 1.6% in the third quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after purchasing an additional 52,560 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock opened at $439.22 on Friday. 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 firm has a market capitalization of $137.43 billion, a P/E ratio of 49.24, a P/E/G ratio of 2.44 and a beta of 1.15. The business has a fifty day simple moving average of $427.84 and a two-hundred day simple moving average of $430.75. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, May 29th. S&P Global’s dividend payout ratio is presently 40.81%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Barclays raised their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer lifted their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus lifted their price target 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 assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $467.89.

S&P Global Company Profile

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.