American National Bank & Trust Co. VA Takes Position in S&P Global Inc. (NYSE:SPGI)

American National Bank & Trust Co. VA purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 12,324 shares of the business services provider’s stock, valued at approximately $5,243,000.

Several other hedge funds have also made changes to their positions in the company. D.B. Root & Company LLC boosted its position in shares of S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after purchasing an additional 23 shares during the period. Mayflower Financial Advisors LLC boosted its position in shares of S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after purchasing an additional 23 shares during the period. Allworth Financial LP boosted its position in shares of S&P Global by 1.8% during the 4th 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 period. Oakworth Capital Inc. boosted its position in shares of S&P Global by 31.2% during the 4th 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 position in shares of S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.2 %

Shares of SPGI traded down $1.01 during midday trading on Thursday, reaching $449.44. The stock had a trading volume of 462,147 shares, compared to its average volume of 1,024,807. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The company’s fifty day simple moving average is $433.51 and its two-hundred day simple moving average is $432.01. The company has a market cap of $140.63 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 2.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. Equities research analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.81%. S&P Global’s payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPGI shares. Barclays increased their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus increased their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a 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. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, June 21st. Finally, Oppenheimer increased their target price on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $468.33.

S&P Global 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.