MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $8.32 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 55.4% in the 1st quarter, Holdings Channel reports. The firm owned 19,557 shares of the business services provider’s stock after selling 24,293 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in S&P Global were worth $8,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Janney Capital Management LLC boosted its stake in shares of S&P Global by 2.7% in the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after purchasing an additional 461 shares in the last quarter. Arkadios Wealth Advisors boosted its position in S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after buying an additional 87 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after buying an additional 190,758 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of S&P Global by 54.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after buying an additional 1,115 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of S&P Global during the fourth quarter worth $1,644,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.9 %

NYSE SPGI traded up $4.13 on Tuesday, hitting $450.45. 731,248 shares of the company were exchanged, compared to its average volume of 1,288,673. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market cap of $140.95 billion, a PE ratio of 50.40, a PEG ratio of 2.48 and a beta of 1.16. The stock has a fifty day moving average of $432.04 and a 200-day moving average of $431.78.

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

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.81%. S&P Global’s payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Oppenheimer boosted their price objective on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, June 21st. Finally, Stifel Nicolaus upped 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $468.33.

S&P Global Profile

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.