S&P Global Inc. $SPGI Shares Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. raised its position in S&P Global Inc. (NYSE:SPGI) by 22.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,521 shares of the business services provider’s stock after acquiring an additional 823 shares during the quarter. Machina Capital S.A.S.’s holdings in S&P Global were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Emerald Advisers LLC increased its stake in shares of S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 18 shares during the period. Stegent Equity Advisors Inc. increased its stake in shares of S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in shares of S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares during the period. Foster Group Inc. increased its stake in shares of S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 20 shares during the period. Finally, Quent Capital LLC increased its stake in shares of S&P Global by 1.9% in the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.9%

Shares of NYSE:SPGI opened at $487.37 on Monday. The stock has a market capitalization of $148.80 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.50 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50 day moving average price of $507.44 and a 200 day moving average price of $515.66.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion during the quarter. On average, research analysts anticipate 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, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Analyst Ratings Changes

Several brokerages have commented on SPGI. Stifel Nicolaus dropped their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Barclays raised their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley raised their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $612.38.

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.