S&P Global Inc. (NYSE:SPGI) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 84.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,606 shares of the business services provider's stock after purchasing an additional 35,618 shares during the quarter. Los Angeles Capital Management LLC's holdings in S&P Global were worth $39,432,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the 4th quarter worth about $25,000. Anderson Financial Strategies LLC acquired a new position in S&P Global in the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the 1st quarter worth about $28,000. CBIZ Investment Advisory Services LLC raised its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in S&P Global in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.2%

NYSE SPGI traded down $0.84 during trading on Friday, reaching $524.52. 1,333,204 shares of the company's stock were exchanged, compared to its average volume of 1,222,370. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $160.87 billion, a P/E ratio of 41.20, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. The company has a 50 day moving average price of $517.59 and a two-hundred day moving average price of $506.36.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 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%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.01 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president owned 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wells Fargo & Company increased their price target on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. lowered their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, Morgan Stanley increased their price objective on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued 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 price target of $596.79.

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.