Board of the Pension Protection Fund Purchases 1,300 Shares of S&P Global Inc. (NYSE:SPGI)

Board of the Pension Protection Fund boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 650.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the business services provider's stock after acquiring an additional 1,300 shares during the period. Board of the Pension Protection Fund's holdings in S&P Global were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after purchasing an additional 116,208 shares during the last quarter. Norges Bank bought a new stake in S&P Global in the 4th quarter valued at $1,725,084,000. Northern Trust Corp boosted its stake in S&P Global by 19.1% in 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 purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in S&P Global by 13.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after buying an additional 357,790 shares in the last quarter. Finally, Amundi grew its holdings in S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after buying an additional 145,434 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of SPGI stock traded up $3.21 during trading hours on Friday, reaching $518.23. The company's stock had a trading volume of 2,251,581 shares, compared to its average volume of 1,237,388. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The firm's 50 day simple moving average is $505.28 and its 200-day simple moving average is $503.52. 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 company has a market capitalization of $158.94 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.54 and a beta of 1.20.

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 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. S&P Global's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.01 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. UBS Group lifted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Two 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 company. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Company 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.