Groupama Asset Managment Has $8.43 Million Stock Holdings in S&P Global Inc. $SPGI

Groupama Asset Managment grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,780 shares of the business services provider’s stock after purchasing an additional 2,130 shares during the quarter. Groupama Asset Managment’s holdings in S&P Global were worth $8,432,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Stegent Equity Advisors Inc. boosted its stake in shares of S&P Global by 3.1% during 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 in the last quarter. Foster Dykema Cabot & Partners LLC lifted 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 worth $1,453,000 after acquiring an additional 20 shares during the period. Integrated Investment Consultants LLC lifted its stake in shares of S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after acquiring an additional 21 shares during the period. Hemington Wealth Management lifted its stake in shares of S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock worth $144,000 after acquiring an additional 21 shares during the period. Finally, Retirement Planning Group LLC lifted its stake in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after acquiring an additional 22 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SPGI. Oppenheimer lifted their price objective on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Argus raised S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Wells Fargo & Company lifted their price objective on S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus cut their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $611.69.

S&P Global Trading Down 1.0%

Shares of SPGI stock opened at $550.80 on Tuesday. The company has a market cap of $168.16 billion, a P/E ratio of 42.37, a PEG ratio of 2.98 and a beta of 1.19. The stock has a 50 day simple moving average of $530.60 and a two-hundred day simple moving average of $512.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.04 earnings per share. Research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

S&P Global 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.