Tokio Marine Asset Management Co. Ltd. decreased its stake in S&P Global Inc. (NYSE:SPGI) by 23.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,293 shares of the business services provider’s stock after selling 700 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in S&P Global were worth $358,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of S&P Global during the first quarter worth $5,311,000. Piedmont Investment Advisors LLC increased its position in shares of S&P Global by 0.9% during the first quarter. Piedmont Investment Advisors LLC now owns 55,912 shares of the business services provider’s stock worth $7,310,000 after buying an additional 482 shares during the period. DnB Asset Management AS grew its holdings in S&P Global by 23.8% in the second quarter. DnB Asset Management AS now owns 104,628 shares of the business services provider’s stock worth $15,275,000 after purchasing an additional 20,100 shares during the period. Xact Kapitalforvaltning AB grew its holdings in S&P Global by 22.3% in the second quarter. Xact Kapitalforvaltning AB now owns 57,722 shares of the business services provider’s stock worth $8,427,000 after purchasing an additional 10,526 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in S&P Global in the second quarter worth $832,000. 86.33% of the stock is owned by institutional investors and hedge funds.
Shares of S&P Global Inc. (NYSE SPGI) opened at $158.03 on Tuesday. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $166.17. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 4.00. The company has a market cap of $40,300.00, a price-to-earnings ratio of 24.79, a P/E/G ratio of 1.89 and a beta of 1.51.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.19. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. equities analysts anticipate that S&P Global Inc. will post 6.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, November 27th. S&P Global’s dividend payout ratio is presently 24.08%.
A number of research firms have weighed in on SPGI. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Monday, August 14th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $177.00 price objective on shares of S&P Global in a research note on Thursday, October 26th. BidaskClub lowered shares of S&P Global from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 20th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, UBS AG lifted their price objective on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and an average target price of $164.75.
In other news, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total value of $223,769.52. Following the transaction, the executive vice president now owns 1,259 shares in the company, valued at approximately $200,659.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nancy Luquette sold 860 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The disclosure for this sale can be found here. Insiders sold a total of 3,860 shares of company stock worth $603,834 over the last ninety days. Insiders own 0.20% of the company’s stock.
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S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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