HRT Financial LLC decreased its stake in S&P Global Inc (NYSE:SPGI) by 69.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,438 shares of the business services provider’s stock after selling 3,300 shares during the period. HRT Financial LLC’s holdings in S&P Global were worth $244,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Elite Wealth Management Inc. grew its position in shares of S&P Global by 1.0% in the fourth quarter. Elite Wealth Management Inc. now owns 7,058 shares of the business services provider’s stock valued at $1,199,000 after purchasing an additional 72 shares in the last quarter. Wedbush Securities Inc. increased its holdings in S&P Global by 3.7% during the 4th quarter. Wedbush Securities Inc. now owns 2,197 shares of the business services provider’s stock valued at $373,000 after purchasing an additional 79 shares during the period. Kaizen Advisory LLC grew its holdings in shares of S&P Global by 13.5% during the 4th quarter. Kaizen Advisory LLC now owns 688 shares of the business services provider’s stock worth $117,000 after acquiring an additional 82 shares during the period. Kalos Management Inc. grew its holdings in shares of S&P Global by 1.6% during the 4th quarter. Kalos Management Inc. now owns 5,433 shares of the business services provider’s stock worth $923,000 after acquiring an additional 88 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of S&P Global by 1.1% in the 4th quarter. Bessemer Group Inc. now owns 8,373 shares of the business services provider’s stock worth $1,423,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 84.21% of the company’s stock.
In other news, CEO Alexander Matturri, Jr. sold 1,791 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value of $350,570.34. Following the completion of the sale, the chief executive officer now directly owns 17,354 shares in the company, valued at approximately $3,396,871.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John L. Berisford sold 9,669 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $202.22, for a total value of $1,955,265.18. Following the completion of the sale, the insider now owns 26,344 shares of the company’s stock, valued at $5,327,283.68. The disclosure for this sale can be found here. Insiders sold a total of 19,041 shares of company stock valued at $3,805,815 over the last 90 days. 0.20% of the stock is currently owned by company insiders.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $2.20 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. S&P Global’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS. Sell-side analysts expect that S&P Global Inc will post 9.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.07%. This is a positive change 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%.
Several equities analysts have recently weighed in on SPGI shares. Zacks Investment Research cut S&P Global from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Barclays lowered their price target on S&P Global from $220.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday, January 7th. Raymond James lowered their price target on S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a report on Tuesday, January 8th. UBS Group lowered their price target on S&P Global from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, January 8th. Finally, Atlantic Securities raised S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price target on the stock in a report on Friday, January 11th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $205.40.
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About S&P Global
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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