Machina Capital S.A.S. Decreases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Machina Capital S.A.S. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,184 shares of the business services provider’s stock after selling 599 shares during the quarter. S&P Global comprises about 0.9% of Machina Capital S.A.S.’s investment portfolio, making the stock its 13th largest holding. Machina Capital S.A.S.’s holdings in S&P Global were worth $2,084,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPGI. First Personal Financial Services purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Human Investing LLC purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $31,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $31,000. Finally, Dunhill Financial LLC raised its position in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer reduced their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Price Performance

Shares of NYSE SPGI opened at $497.35 on Friday. The stock has a market capitalization of $153.08 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm’s 50 day simple moving average is $515.06 and its 200-day simple moving average is $511.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the business posted $3.13 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

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.