Natixis Advisors LLC Raises Stake in S&P Global Inc. (NYSE:SPGI)

Natixis Advisors LLC boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,187 shares of the business services provider's stock after buying an additional 20,778 shares during the period. Natixis Advisors LLC owned 0.08% of S&P Global worth $131,185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global in the 1st quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC raised its stake in S&P Global by 103.3% during the 1st 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, Alpine Bank Wealth Management bought a new position in shares of S&P Global during the 1st quarter valued at $33,000. 87.17% of the stock is currently 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 dated 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 $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Performance

NYSE SPGI traded down $6.24 on Friday, reaching $544.86. 1,885,503 shares of the company's stock traded hands, compared to its average volume of 1,294,024. The firm has a market cap of $167.11 billion, a price-to-earnings ratio of 42.80, a P/E/G ratio of 2.55 and a beta of 1.19. The stock has a 50 day moving average price of $519.96 and a 200-day moving average price of $508.64. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $558.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 earnings per share. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared 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. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is 30.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPGI shares. Morgan Stanley upped their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Robert W. Baird reduced their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $611.69.

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.