Quantinno Capital Management LP Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Quantinno Capital Management LP lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 32.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,945 shares of the business services provider’s stock after buying an additional 6,284 shares during the quarter. Quantinno Capital Management LP’s holdings in S&P Global were worth $12,922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of S&P Global by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter worth $1,725,084,000. Northern Trust Corp boosted 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 worth $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. Amundi boosted its position in shares of S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after purchasing an additional 145,434 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of S&P Global by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider’s stock worth $1,087,853,000 after purchasing an additional 224,294 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target for the company. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Bank of America began coverage on 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, Stifel Nicolaus dropped their price target on 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Stock Down 0.7%

Shares of SPGI stock opened at $512.09 on Thursday. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The stock has a market cap of $157.06 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The business’s fifty day moving average is $486.48 and its 200-day moving average is $501.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.01 EPS. Equities analysts expect 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, June 11th. Shareholders of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is currently 30.16%.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was 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 in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

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.