Azzad Asset Management Inc. ADV Has $2.73 Million Stake in S&P Global Inc. (NYSE:SPGI)

Azzad Asset Management Inc. ADV trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 27.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,409 shares of the business services provider’s stock after selling 2,477 shares during the period. Azzad Asset Management Inc. ADV’s holdings in S&P Global were worth $2,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $26,000. Valued Wealth Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares during the period. Finally, LFA Lugano Financial Advisors SA increased its stake in S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on SPGI. Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Oppenheimer lifted their price target on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $468.33.

S&P Global Stock Performance

Shares of SPGI opened at $449.41 on Thursday. The company has a market cap of $140.62 billion, a PE ratio of 50.38, a price-to-earnings-growth 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. The firm has a 50-day moving average of $432.79 and a 200-day moving average of $431.89. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16.

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

S&P Global Announces Dividend

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

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.