Man Group plc Purchases 97,018 Shares of S&P Global Inc. (NYSE:SPGI)

Man Group plc boosted its stake in S&P Global Inc. (NYSE:SPGI) by 65.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 245,646 shares of the business services provider’s stock after acquiring an additional 97,018 shares during the period. Man Group plc’s holdings in S&P Global were worth $122,339,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the fourth quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global in the 4th quarter worth about $27,000. Human Investing LLC bought a new stake in shares of S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global during the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Trading Down 0.5%

Shares of NYSE:SPGI opened at $515.88 on Wednesday. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The stock has a market cap of $158.22 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $486.18 and a 200-day moving average price of $501.89.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business earned $4.01 earnings per share. S&P Global’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SPGI shares. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. 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 report on Wednesday, April 30th. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Robert W. Baird dropped their price target 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. Finally, UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $592.71.

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.