Natixis Investment Managers International Acquires 91 Shares of S&P Global Inc. (NYSE:SPGI)

Natixis Investment Managers International raised its holdings in S&P Global Inc. (NYSE:SPGI) by 26.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 434 shares of the business services provider’s stock after buying an additional 91 shares during the quarter. Natixis Investment Managers International’s holdings in S&P Global were worth $185,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Janney Capital Management LLC raised its stake in S&P Global by 2.7% during the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after buying an additional 461 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of 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 worth $671,000 after acquiring an additional 87 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of 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 worth $618,369,000 after acquiring an additional 190,758 shares during the period. Citizens Financial Group Inc. RI grew its holdings in shares of S&P Global by 54.2% in 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 acquiring an additional 1,115 shares during the period. Finally, Aspiriant LLC bought a new stake in shares of S&P Global in the fourth quarter worth $398,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.3 %

SPGI stock traded up $1.53 during midday trading on Thursday, reaching $483.19. 785,677 shares of the company traded hands, compared to its average volume of 1,263,042. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $498.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The business has a 50 day moving average of $449.75 and a 200-day moving average of $436.53. The firm has a market capitalization of $151.19 billion, a price-to-earnings ratio of 54.17, a P/E/G ratio of 2.81 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, sell-side analysts expect that S&P Global Inc. will post 14.27 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio is currently 40.81%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Morgan Stanley boosted their price target on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Bank of America boosted their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. UBS Group boosted their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Stifel Nicolaus boosted their price target 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $490.55.

About S&P Global

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.