MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 24,293 Shares of S&P Global Inc. (NYSE:SPGI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 55.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Private Wealth Management Group LLC bought a new position in shares of S&P Global during the fourth quarter worth $26,000. Pineridge Advisors LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at $26,000. Valued Wealth Advisors LLC bought a new position in S&P Global in the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in shares of S&P Global during the third quarter valued at about $33,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $4.13 on Tuesday, hitting $450.45. The company had a trading volume of 731,248 shares, compared to its average volume of 1,288,673. 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 business has a 50 day moving average of $432.04 and a 200 day moving average of $431.78. S&P Global Inc. has a 52-week low of $340.49 and a 52-week 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.

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 for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, equities analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders 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 dividend yield of 0.81%. S&P Global’s payout ratio is currently 40.81%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SPGI shares. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Stifel Nicolaus boosted their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.