Manning & Napier Group LLC bought a new stake in shares of S&P Global Inc (NYSE:SPGI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 492,790 shares of the business services provider’s stock, valued at approximately $103,755,000. S&P Global makes up about 1.1% of Manning & Napier Group LLC’s investment portfolio, making the stock its 29th biggest position. Manning & Napier Group LLC owned approximately 0.20% of S&P Global as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPGI. We Are One Seven LLC purchased a new stake in S&P Global in the 4th quarter valued at about $28,000. Moody National Bank Trust Division purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $29,000. Legacy Bridge LLC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $30,000. Sontag Advisory LLC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $31,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of S&P Global by 7,358.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock worth $32,000 after buying an additional 5,345,720 shares during the period. 84.22% of the stock is owned by hedge funds and other institutional investors.

SPGI traded down $1.23 on Wednesday, reaching $213.58. The company’s stock had a trading volume of 25,378 shares, compared to its average volume of 1,321,291. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 5.35. The company has a market capitalization of $52.86 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $217.31.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. On average, equities analysts anticipate that S&P Global Inc will post 9.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.07%. This is an increase from S&P Global’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, February 25th. S&P Global’s dividend payout ratio is 26.82%.

A number of research firms recently weighed in on SPGI. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Piper Jaffray Companies upped their target price on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Raymond James upped their target price on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays cut their target price on shares of S&P Global from $220.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. Finally, UBS Group cut their target price on shares of S&P Global from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. S&P Global currently has a consensus rating of “Hold” and an average target price of $212.18.

In related news, CEO Alexander Matturri, Jr. sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $205.88, for a total value of $368,525.20. Following the completion of the transaction, the chief executive officer now directly owns 19,478 shares of the company’s stock, valued at $4,010,130.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ewout L. Steenbergen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $194.20, for a total value of $776,800.00. Following the completion of the transaction, the chief financial officer now directly owns 5,239 shares of the company’s stock, valued at $1,017,413.80. The disclosure for this sale can be found here. Insiders sold 19,041 shares of company stock valued at $3,805,815 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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