Penserra Capital Management LLC Purchases 974 Shares of S&P Global Inc. (NYSE:SPGI)

Penserra Capital Management LLC lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,245 shares of the business services provider's stock after acquiring an additional 974 shares during the period. Penserra Capital Management LLC's holdings in S&P Global were worth $1,647,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wealthfront Advisers LLC grew its position in S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in S&P Global in the fourth quarter valued at approximately $14,040,000. GAMMA Investing LLC lifted its stake in S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after acquiring an additional 708 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in S&P Global in the fourth quarter valued at approximately $300,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after acquiring an additional 1,166 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI stock traded down $2.78 during mid-day trading on Friday, reaching $527.05. The company's stock had a trading volume of 816,683 shares, compared to its average volume of 1,228,601. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The company has a market cap of $161.65 billion, a P/E ratio of 41.40, a PEG ratio of 2.56 and a beta of 1.19. 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's 50-day moving average is $515.64 and its two-hundred day moving average is $505.48.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the prior year, the company posted $4.01 EPS. The business's revenue was up 8.2% on a year-over-year basis. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm 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 $0.96 dividend. 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 30.16%.

Insider Activity

In other 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 value of $255,215.00. Following the sale, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $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 through the SEC website. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. 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 research note on Wednesday, April 30th. Wells Fargo & Company lifted their target price on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Robert W. Baird reduced their price objective on shares of 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. Finally, UBS Group boosted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday. Two equities research 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.