S&P Global Inc. (NYSE:SPGI) Holdings Trimmed by Machina Capital S.A.S.

Machina Capital S.A.S. lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,760 shares of the business services provider’s stock after selling 343 shares during the period. S&P Global makes up 0.8% of Machina Capital S.A.S.’s portfolio, making the stock its 24th biggest position. Machina Capital S.A.S.’s holdings in S&P Global were worth $1,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group raised its position in S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in S&P Global in the third quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA grew its position in S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after acquiring an additional 50 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of S&P Global during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Raymond James boosted their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Oppenheimer upped their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Price Performance

Shares of SPGI stock traded up $2.80 during mid-day trading on Tuesday, reaching $428.56. The company’s stock had a trading volume of 783,431 shares, compared to its average volume of 1,363,869. The firm’s 50-day moving average is $422.48 and its two-hundred day moving average is $420.42. The company has a market cap of $134.10 billion, a P/E ratio of 47.73, a PEG ratio of 2.37 and a beta of 1.14. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, research analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio is 40.81%.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.