Rothschild & Co Wealth Management UK Ltd Acquires 3,407 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its holdings in S&P Global Inc. by 0.3%, owning 1,016,305 shares valued at approximately $516.39 million, which constitutes 8.7% of its investment portfolio.
• S&P Global recently reported earnings of $4.37 per share, surpassing expectations, with revenue of $3.78 billion, an increase of 8.2% from the previous year.
• The company announced a quarterly dividend of $0.96 per share, with the payment date set for September 10th, representing an annual yield of 0.72%.

Rothschild & Co Wealth Management UK Ltd raised its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,016,305 shares of the business services provider's stock after buying an additional 3,407 shares during the period. S&P Global comprises approximately 8.7% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 6th biggest position. Rothschild & Co Wealth Management UK Ltd owned 0.33% of S&P Global worth $516,385,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at $1,725,084,000. GAMMA Investing LLC increased its position in shares of S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Northern Trust Corp increased its position in shares of S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after acquiring an additional 525,347 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of S&P Global in the 4th quarter valued at $238,503,000. Finally, BlueSpruce Investments LP acquired a new stake in S&P Global during the 4th quarter worth about $178,858,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI traded up $1.89 on Tuesday, reaching $532.30. The company had a trading volume of 414,763 shares, compared to its average volume of 1,276,258. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The stock has a market capitalization of $163.25 billion, a PE ratio of 41.78, a P/E/G ratio of 2.58 and a beta of 1.19. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $518.61 and a 200-day moving average price of $507.86.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.01 earnings per share. As a group, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.72%. S&P Global's dividend payout ratio is presently 30.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley lifted their target price on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Bank of America started coverage on shares of 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 analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $601.07.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

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.