Ninety One SA PTY Ltd Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Ninety One SA PTY Ltd lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 99.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,330 shares of the business services provider's stock after purchasing an additional 5,638 shares during the quarter. S&P Global accounts for approximately 1.1% of Ninety One SA PTY Ltd's portfolio, making the stock its 27th largest position. Ninety One SA PTY Ltd's holdings in S&P Global were worth $5,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after buying an additional 2,413 shares during the last quarter. GHE LLC lifted its position in S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after buying an additional 274 shares during the last quarter. Assetmark Inc. lifted its position in S&P Global by 25.3% in the 4th quarter. Assetmark Inc. now owns 1,626 shares of the business services provider's stock worth $810,000 after buying an additional 328 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in S&P Global by 42.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock worth $619,000 after buying an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the company's 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 sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPGI. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley boosted their price objective on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research report on Monday. Stifel Nicolaus lowered their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. UBS Group boosted their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $593.57.

S&P Global Price Performance

Shares of S&P Global stock opened at $530.03 on Tuesday. The company has a market cap of $162.56 billion, a PE ratio of 41.64, a P/E/G ratio of 2.58 and a beta of 1.19. The business has a 50 day moving average of $513.36 and a 200 day moving average of $504.79. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $3.78 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.01 earnings per share. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is 30.16%.

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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