Machina Capital S.A.S. Sells 486 Shares of S&P Global Inc. (NYSE:SPGI)

Machina Capital S.A.S. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,698 shares of the business services provider's stock after selling 486 shares during the quarter. Machina Capital S.A.S.'s holdings in S&P Global were worth $1,879,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global during the fourth quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the first quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC grew its position in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPGI has been the subject of several research reports. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Stifel Nicolaus dropped their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Oppenheimer boosted their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. 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 research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $601.07.

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 that occurred on 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 directly 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 through this hyperlink. Insiders own 0.10% of the company's stock.

S&P Global Price Performance

SPGI traded up $4.13 during trading on Friday, hitting $534.98. 788,259 shares of the stock traded hands, compared to its average volume of 960,113. The business has a 50 day moving average price of $518.23 and a 200 day moving average price of $507.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a market cap of $164.08 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 2.56 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during 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%. S&P Global's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.01 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global's payout ratio is currently 30.16%.

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.