Man Group plc Has $122.34 Million Stake in S&P Global Inc. (NYSE:SPGI)

Man Group plc lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 65.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,646 shares of the business services provider's stock after purchasing an additional 97,018 shares during the period. Man Group plc owned approximately 0.08% of S&P Global worth $122,339,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SPGI. Wealthfront Advisers LLC increased its stake in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares in the last quarter. Graham Capital Management L.P. acquired a new position in S&P Global during the fourth quarter worth $14,040,000. Synergy Asset Management LLC boosted its holdings in S&P Global by 110.8% during the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider's stock worth $12,066,000 after purchasing an additional 12,547 shares during the last quarter. James Hambro & Partners LLP lifted its stake in S&P Global by 0.9% in the fourth quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider's stock valued at $108,173,000 after acquiring an additional 1,899 shares during the last quarter. Finally, Freestone Capital Holdings LLC lifted its stake in S&P Global by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after acquiring an additional 49 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE SPGI opened at $515.88 on Wednesday. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $158.22 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.41 and a beta of 1.23. The company has a fifty day moving average price of $486.18 and a 200-day moving average price of $501.89.

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 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.01 earnings per share. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's payout ratio is 30.16%.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm'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 value 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 trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SPGI shares. Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Robert W. Baird dropped their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Evercore ISI boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus price target of $592.71.

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.

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