Stephens Inc. AR Buys New Position in S&P Global Inc. (SPGI)

Stephens Inc. AR bought a new stake in S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,690 shares of the business services provider’s stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Penserra Capital Management LLC bought a new stake in S&P Global in the 2nd quarter valued at approximately $106,000. GQG Partners LLC bought a new stake in S&P Global in the 2nd quarter valued at approximately $160,000. Parallel Advisors LLC increased its position in shares of S&P Global by 8.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after purchasing an additional 86 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $185,000. Finally, W. E. Donoghue & Co. LLC acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 85.77% of the company’s stock.

S&P Global Inc. (NYSE SPGI) traded down $0.48 during mid-day trading on Friday, hitting $163.22. The company had a trading volume of 563,500 shares, compared to its average volume of 1,118,608. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $41,620.00, a price-to-earnings ratio of 25.78, a PEG ratio of 1.97 and a beta of 1.51. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $166.17.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm earned $1.43 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. research analysts predict that S&P Global Inc. will post 6.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s dividend payout ratio is 24.08%.

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In other news, EVP Courtney Geduldig sold 1,404 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now directly owns 1,259 shares in the company, valued at approximately $200,659.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,000 shares of company stock worth $1,104,704. Insiders own 0.20% of the company’s stock.

SPGI has been the topic of several recent analyst reports. UBS AG boosted their price target on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $176.00 price target on shares of S&P Global in a research report on Wednesday, October 18th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Barclays PLC boosted their price target on S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Finally, BidaskClub lowered S&P Global from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. S&P Global presently has an average rating of “Buy” and an average target price of $168.27.

About S&P Global

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.

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

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