Achmea Investment Management B.V. Increases Position in S&P Global Inc. (NYSE:SPGI)

Achmea Investment Management B.V. raised its position in S&P Global Inc. (NYSE:SPGI) by 42.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,525 shares of the business services provider’s stock after purchasing an additional 5,250 shares during the quarter. Achmea Investment Management B.V.’s holdings in S&P Global were worth $8,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. increased its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after acquiring an additional 38 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in shares of S&P Global during the first quarter worth $33,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SPGI shares. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on 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. Robert W. Baird cut their price objective on 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. Wells Fargo & Company upped their price objective on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Finally, UBS Group upped their price objective on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $592.71.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.6%

S&P Global stock opened at $518.23 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $158.94 billion, a PE ratio of 40.71, a P/E/G ratio of 2.51 and a beta of 1.20. The stock’s fifty day moving average is $506.39 and its two-hundred day moving average is $503.56.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm earned $4.01 earnings per share. S&P Global’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, August 26th. S&P Global’s payout ratio is 30.16%.

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.