Mn Services Vermogensbeheer B.V. Has $60.60 Million Position in S&P Global Inc. (NYSE:SPGI)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 119,265 shares of the business services provider's stock after selling 8,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in S&P Global were worth $60,599,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SPGI. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the fourth quarter worth about $25,000. Anderson Financial Strategies LLC acquired a new position in S&P Global in the fourth quarter worth about $27,000. Human Investing LLC acquired a new position in S&P Global in the fourth quarter worth about $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the fourth quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in S&P Global by 131.0% in 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the 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 sale, the executive vice president now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus dropped their price target on shares of 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. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Finally, Robert W. Baird decreased 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, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Price Performance

Shares of SPGI traded down $4.84 during mid-day trading on Friday, hitting $501.03. 1,343,042 shares of the company traded hands, compared to its average volume of 1,225,432. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $497.12 and a 200 day moving average of $503.96. The stock has a market capitalization of $153.67 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the firm earned $4.01 earnings per share. S&P Global's revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. S&P Global's dividend payout ratio (DPR) 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.