S&P Global Inc. (NYSE:SPGI) Shares Purchased by Manchester Capital Management LLC

Manchester Capital Management LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 16.5% in the first quarter, Holdings Channel reports. The fund owned 853 shares of the business services provider’s stock after buying an additional 121 shares during the period. Manchester Capital Management LLC’s holdings in S&P Global were worth $433,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Graham Capital Management L.P. acquired a new stake in shares of S&P Global in the 4th quarter worth $14,040,000. GAMMA Investing LLC grew its holdings in shares of S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock valued at $2,139,000 after purchasing an additional 708 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider’s stock valued at $44,102,000 after purchasing an additional 1,166 shares during the period. Alaethes Wealth LLC acquired a new stake in S&P Global during the fourth quarter worth about $2,029,000. Finally, Linden Thomas Advisory Services LLC raised its stake in S&P Global by 5.2% during the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider’s stock worth $5,513,000 after purchasing an additional 536 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 1.1%

NYSE SPGI opened at $544.86 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.98. The firm has a market cap of $167.11 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 2.92 and a beta of 1.19. The firm has a 50 day simple moving average of $520.65 and a 200-day simple moving average of $509.18. S&P Global Inc. has a one year low of $427.14 and a one year high of $558.86.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.04 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global’s payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Argus raised shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Barclays upped their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company upped their price target on S&P Global from $632.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.69.

About S&P Global

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.