Bp Plc reduced its stake in S&P Global Inc (NYSE:SPGI) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the business services provider’s stock after selling 9,000 shares during the quarter. Bp Plc’s holdings in S&P Global were worth $5,084,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Edgewood Management LLC raised its holdings in S&P Global by 2.4% in the 3rd quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after acquiring an additional 141,206 shares during the period. JPMorgan Chase & Co. grew its position in shares of S&P Global by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock worth $687,694,000 after purchasing an additional 157,161 shares in the last quarter. Capital International Investors grew its position in shares of S&P Global by 1.7% during the 3rd quarter. Capital International Investors now owns 2,206,505 shares of the business services provider’s stock worth $344,899,000 after purchasing an additional 36,562 shares in the last quarter. Mawer Investment Management Ltd. grew its position in shares of S&P Global by 0.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,691,811 shares of the business services provider’s stock worth $264,447,000 after purchasing an additional 12,150 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of S&P Global by 3.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock worth $225,392,000 after purchasing an additional 47,930 shares in the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of S&P Global Inc (SPGI) opened at $173.31 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13. The stock has a market cap of $44,190.00, a P/E ratio of 29.98, a P/E/G ratio of 1.96 and a beta of 1.52. S&P Global Inc has a 52-week low of $125.02 and a 52-week high of $185.38.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a dividend of $0.50 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. S&P Global’s dividend payout ratio (DPR) is currently 28.37%.
A number of research analysts have issued reports on the stock. Susquehanna Bancshares lowered shares of S&P Global from a “positive” rating to a “neutral” rating in a research report on Wednesday. BMO Capital Markets increased their target price on shares of S&P Global from $183.00 to $186.00 and gave the stock a “market perform” rating in a research report on Wednesday. Cantor Fitzgerald increased their target price on shares of S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Wednesday. Goldman Sachs Group restated a “neutral” rating and set a $176.00 target price on shares of S&P Global in a research report on Wednesday, October 18th. Finally, Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “hold” rating and set a $188.00 target price on the stock. in a research report on Friday, January 5th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global has a consensus rating of “Buy” and a consensus price target of $182.29.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
S&P Global 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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