Dupont Capital Management Corp Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Dupont Capital Management Corp lifted its stake in S&P Global Inc. (NYSE:SPGI) by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 30,282 shares of the business services provider’s stock after acquiring an additional 2,033 shares during the quarter. S&P Global accounts for 1.7% of Dupont Capital Management Corp’s investment portfolio, making the stock its 15th largest position. Dupont Capital Management Corp’s holdings in S&P Global were worth $15,386,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its holdings in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock worth $18,799,000 after buying an additional 6,051 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of S&P Global during the fourth quarter worth $14,040,000. Freestone Capital Holdings LLC raised its stake in shares of S&P Global by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider’s stock valued at $5,727,000 after acquiring an additional 49 shares in the last quarter. Asahi Life Asset Management CO. LTD. raised its stake in shares of S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider’s stock valued at $641,000 after acquiring an additional 595 shares in the last quarter. Finally, Coalescence Partners Investment Management LP boosted its holdings in S&P Global by 62.7% in the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider’s stock valued at $14,985,000 after purchasing an additional 11,599 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus reduced their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Argus raised shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Finally, Robert W. Baird dropped their target price on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

Shares of SPGI opened at $503.85 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The stock has a market capitalization of $154.53 billion, a P/E ratio of 39.58, a P/E/G ratio of 2.45 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average is $501.16 and its two-hundred day moving average is $503.44.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.01 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

S&P Global Company 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.