Machina Capital S.A.S. Sells 2,663 Shares of S&P Global Inc. $SPGI

Machina Capital S.A.S. cut its stake in S&P Global Inc. (NYSE:SPGI) by 58.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,858 shares of the business services provider’s stock after selling 2,663 shares during the period. Machina Capital S.A.S.’s holdings in S&P Global were worth $904,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. Vanguard Group Inc. boosted its position in shares of S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares in the last quarter. TCI Fund Management Ltd. raised its holdings in S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares in the last quarter. Geode Capital Management LLC lifted its position in S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after buying an additional 42,724 shares during the period. Norges Bank purchased a new position in S&P Global during the second quarter valued at $2,188,945,000. Finally, Legal & General Group Plc boosted its holdings in shares of S&P Global by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 2,135,004 shares of the business services provider’s stock valued at $1,125,766,000 after buying an additional 26,945 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Morgan Stanley raised their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Evercore ISI lifted their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Stock Down 0.8%

Shares of S&P Global stock opened at $464.65 on Thursday. The company has a 50-day simple moving average of $518.20 and a two-hundred day simple moving average of $516.57. The stock has a market capitalization of $140.70 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.