Achmea Investment Management B.V. Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Achmea Investment Management B.V. lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 42.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,525 shares of the business services provider's stock after purchasing an additional 5,250 shares during the period. Achmea Investment Management B.V.'s holdings in S&P Global were worth $8,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. raised its position in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in S&P Global during the first quarter worth about $33,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPGI. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Stifel Nicolaus cut their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Robert W. Baird cut their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Trading Up 0.6%

S&P Global stock traded up $3.21 during trading on Friday, reaching $518.23. The company had a trading volume of 2,251,581 shares, compared to its average volume of 1,237,935. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The stock's 50 day moving average price is $506.39 and its two-hundred day moving average price is $503.56. The firm has a market capitalization of $158.94 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm earned $4.01 earnings per share. S&P Global's revenue was up 8.2% compared to the same quarter last year. As a group, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global's dividend payout ratio is currently 30.16%.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

S&P Global 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.