MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 867 Shares of S&P Global Inc. (NYSE:SPGI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 156.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,420 shares of the business services provider's stock after acquiring an additional 867 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in S&P Global were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter valued at about $1,725,084,000. GAMMA Investing LLC grew its stake in shares of S&P Global by 60,982.3% in 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 period. Raymond James Financial Inc. acquired a new stake in shares of S&P Global in the 4th quarter valued at about $527,207,000. Proficio Capital Partners LLC grew its stake in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares during the period. Finally, Northern Trust Corp grew its stake in shares of 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 buying an additional 525,347 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $501.03 on Monday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The stock's 50 day moving average price is $497.12 and its 200-day moving average price is $503.83. The company has a market capitalization of $153.67 billion, a PE ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $4.01 EPS. The company's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPGI. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. Wells Fargo & Company lifted their price target on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, UBS Group lifted their price target 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. Two 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.

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