Meeder Advisory Services Inc. Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Key Points

• Meeder Advisory Services Inc. increased its stake in S&P Global Inc. by 11.8% during the first quarter, owning a total of 6,017 shares worth approximately $3,057,000.
• Several hedge funds have recently made changes to their positions in S&P Global, with 87.17% of the stock now owned by institutional investors.
• S&P Global announced a quarterly dividend of $0.96 per share, with a dividend yield of 0.72%, set to be paid on September 10th.

Meeder Advisory Services Inc. increased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,017 shares of the business services provider's stock after purchasing an additional 636 shares during the period. Meeder Advisory Services Inc.'s holdings in S&P Global were worth $3,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the fourth quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the first quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings 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 valued at $32,000 after buying an additional 38 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In related 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 owned 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $530.31 on Tuesday. 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 firm has a fifty day moving average price of $518.61 and a 200 day moving average price of $507.86. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The firm has a market cap of $162.65 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued 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 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 analyst estimates of $3.72 billion. During the same quarter in the prior year, the business earned $4.01 earnings per share. S&P Global's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global's dividend payout ratio is 30.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Bank of America began 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 for the company. Stifel Nicolaus reduced 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 report on Wednesday, April 30th. UBS Group upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $601.07.

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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