CX Institutional Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

CX Institutional lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 519.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,192 shares of the business services provider’s stock after purchasing an additional 9,385 shares during the period. CX Institutional’s holdings in S&P Global were worth $5,686,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of S&P Global by 22.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 492,055 shares of the business services provider’s stock worth $250,013,000 after purchasing an additional 90,689 shares during the last quarter. Rockingstone Advisors LLC lifted its position in S&P Global by 5.9% in the first quarter. Rockingstone Advisors LLC now owns 7,136 shares of the business services provider’s stock valued at $3,626,000 after acquiring an additional 399 shares during the last quarter. Trueblood Wealth Management LLC lifted its position in S&P Global by 15.7% in the first quarter. Trueblood Wealth Management LLC now owns 1,385 shares of the business services provider’s stock valued at $704,000 after acquiring an additional 188 shares during the last quarter. Handelsbanken Fonder AB lifted its position in S&P Global by 8.9% in the first quarter. Handelsbanken Fonder AB now owns 187,595 shares of the business services provider’s stock valued at $95,317,000 after acquiring an additional 15,261 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its position in S&P Global by 4.3% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 5,638 shares of the business services provider’s stock valued at $2,865,000 after acquiring an additional 231 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.2%

Shares of S&P Global stock opened at $514.11 on Wednesday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company’s 50-day simple moving average is $493.30 and its 200-day simple moving average is $504.27. The firm has a market cap of $157.68 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly 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. 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 analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $4.01 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global’s payout ratio is currently 30.16%.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction dated 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 now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPGI. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. 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 report on Wednesday, February 12th. Robert W. Baird reduced their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Company 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.