Meeder Advisory Services Inc. Acquires 636 Shares of S&P Global Inc. (NYSE:SPGI)

Meeder Advisory Services Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,017 shares of the business services provider’s stock after buying an additional 636 shares during the quarter. Meeder Advisory Services Inc.’s holdings in S&P Global were worth $3,057,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SPGI. GAMMA Investing LLC raised its stake in shares of S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Northern Trust Corp raised its stake in shares of S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after acquiring an additional 525,347 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of S&P Global in the fourth quarter valued at $238,503,000. BlueSpruce Investments LP purchased a new stake in shares of S&P Global in the fourth quarter valued at $178,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock valued at $1,529,653,000 after acquiring an additional 357,790 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.9%

Shares of S&P Global stock opened at $530.31 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The firm’s 50-day moving average is $518.61 and its two-hundred day moving average is $507.86. The stock has a market cap of $162.65 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business earned $4.01 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global’s payout ratio is 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their target price on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price on the stock. Argus raised shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Morgan Stanley raised their price target on shares of S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Finally, Stifel Nicolaus reduced their price target on shares of 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 equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $601.07.

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.