Sustainable Insight Capital Management LLC bought a new stake in S&P Global Inc (NYSE:SPGI) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,163 shares of the business services provider’s stock, valued at approximately $245,000.

Several other hedge funds have also recently modified their holdings of SPGI. CAPROCK Group Inc. raised its holdings in S&P Global by 17.1% in the 1st quarter. CAPROCK Group Inc. now owns 1,620 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 236 shares during the period. Nordea Investment Management AB increased its holdings in shares of S&P Global by 3.3% during the fourth quarter. Nordea Investment Management AB now owns 409,183 shares of the business services provider’s stock worth $69,538,000 after purchasing an additional 12,882 shares during the period. Legal & General Group Plc increased its holdings in shares of S&P Global by 9.1% during the fourth quarter. Legal & General Group Plc now owns 1,291,174 shares of the business services provider’s stock worth $219,379,000 after purchasing an additional 107,927 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of S&P Global by 11.1% during the first quarter. Quadrant Capital Group LLC now owns 1,611 shares of the business services provider’s stock worth $327,000 after purchasing an additional 161 shares during the period. Finally, Manning & Napier Group LLC bought a new position in shares of S&P Global during the first quarter worth approximately $103,755,000. 83.80% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on SPGI. UBS Group increased their price target on shares of S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Morgan Stanley set a $193.00 price target on shares of S&P Global and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Finally, Raymond James increased their price target on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $215.18.

S&P Global stock traded down $0.36 during mid-day trading on Monday, reaching $212.58. The company had a trading volume of 6,932 shares, compared to its average volume of 1,000,369. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $222.00. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $52.43 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.71 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the business earned $2.00 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect that S&P Global Inc will post 9.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $2.28 dividend on an annualized basis and a yield of 1.07%. S&P Global’s dividend payout ratio is currently 26.82%.

In other news, insider John L. Berisford sold 9,669 shares of S&P Global stock in a transaction on Friday, March 1st. The shares were sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the transaction, the insider now owns 26,344 shares in the company, valued at $5,327,283.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nancy Luquette sold 2,200 shares of S&P Global stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total transaction of $477,070.00. Following the transaction, the senior vice president now owns 2,340 shares in the company, valued at approximately $507,429. The disclosure for this sale can be found here. Insiders sold 33,555 shares of company stock worth $7,039,419 in the last 90 days. Company insiders own 0.20% of the company’s stock.

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About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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