Argonautica Private Wealth Management Inc. Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Argonautica Private Wealth Management Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 1,278.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,534 shares of the business services provider's stock after purchasing an additional 6,060 shares during the quarter. S&P Global comprises about 1.1% of Argonautica Private Wealth Management Inc.'s portfolio, making the stock its 24th biggest position. Argonautica Private Wealth Management Inc.'s holdings in S&P Global were worth $3,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. purchased a new position in shares of S&P Global in the fourth quarter worth $14,040,000. GAMMA Investing LLC grew its holdings 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 valued at $2,139,000 after buying an additional 708 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of S&P Global by 1.4% in the 1st 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 period. Alaethes Wealth LLC purchased a new position in S&P Global in the 4th quarter worth $2,029,000. Finally, Linden Thomas Advisory Services LLC lifted its position in S&P Global by 5.2% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock worth $5,513,000 after acquiring an additional 536 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $4.13 during trading on Friday, reaching $534.98. 788,259 shares of the company's stock traded hands, compared to its average volume of 960,113. The firm has a market cap of $164.08 billion, a PE ratio of 42.03, a P/E/G ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. 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 company has a 50-day simple moving average of $518.23 and a 200-day simple moving average of $507.07.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $4.01 earnings per share. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is presently 30.16%.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus reduced 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 report on Friday, May 16th. Finally, Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Two 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 stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $601.07.

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.