Rathbones Group PLC Purchases 44,768 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• Rathbones Group PLC increased its holdings in S&P Global Inc. by 8.2%, now owning 589,863 shares valued at approximately $299.7 million, making it the 15th largest holding in its portfolio.
• S&P Global reported an earnings per share of $4.43 for the last quarter, exceeding estimates and achieving a 5.8% increase in revenue year-over-year, amounting to $3.76 billion.
• The company declared a quarterly dividend of $0.96 per share to be paid on September 10th, yielding an annual rate of 0.7%.

Rathbones Group PLC increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 589,863 shares of the business services provider's stock after buying an additional 44,768 shares during the period. S&P Global accounts for 1.4% of Rathbones Group PLC's holdings, making the stock its 15th largest position. Rathbones Group PLC owned 0.19% of S&P Global worth $299,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Graham Capital Management L.P. bought a new stake in shares of S&P Global during the fourth quarter worth $14,040,000. GAMMA Investing LLC grew its stake in shares of S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after buying an additional 708 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of S&P Global by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after buying an additional 1,166 shares during the last quarter. Alaethes Wealth LLC bought a new stake in shares of S&P Global during the fourth quarter worth $2,029,000. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of S&P Global by 5.2% during the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock worth $5,513,000 after buying an additional 536 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.6%

Shares of NYSE SPGI traded up $3.47 during trading on Wednesday, hitting $562.53. 1,047,388 shares of the company traded hands, compared to its average volume of 1,197,488. The business's fifty day moving average is $528.18 and its 200 day moving average is $512.02. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $566.56. The firm has a market capitalization of $171.74 billion, a price-to-earnings ratio of 43.27, a P/E/G ratio of 2.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the business earned $4.04 earnings per share. The business's quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Stifel Nicolaus reduced their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $611.69.

S&P Global 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.