Argentarii LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Argentarii LLC grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 22.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,449 shares of the business services provider's stock after buying an additional 1,180 shares during the period. S&P Global accounts for 1.6% of Argentarii LLC's investment portfolio, making the stock its 16th largest position. Argentarii LLC's holdings in S&P Global were worth $3,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPGI. Norges Bank purchased a new position in shares of S&P Global during the 4th quarter valued at $1,725,084,000. GAMMA Investing LLC lifted its position in shares of S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after buying an additional 2,135,599 shares during the last quarter. Northern Trust Corp lifted its position in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of S&P Global during the 4th quarter valued at $238,503,000. Finally, BlueSpruce Investments LP purchased a new position in shares of S&P Global during the 4th quarter valued at $178,858,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $531.02 on Friday. The firm has a market capitalization of $162.86 billion, a P/E ratio of 41.71, a P/E/G ratio of 2.58 and a beta of 1.19. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $512.34 and its two-hundred day simple moving average is $504.40. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.01 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Stifel Nicolaus decreased their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. UBS Group boosted their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $593.93.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company's stock.

About S&P Global

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.

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