HPM Partners LLC lowered its holdings in S&P Global Inc (NYSE:SPGI) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,931 shares of the business services provider’s stock after selling 376 shares during the quarter. HPM Partners LLC’s holdings in S&P Global were worth $2,191,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of S&P Global by 15.6% in the 3rd quarter. Victory Capital Management Inc. now owns 20,875 shares of the business services provider’s stock valued at $3,263,000 after purchasing an additional 2,818 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of S&P Global by 12.7% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 25,280 shares of the business services provider’s stock valued at $3,952,000 after purchasing an additional 2,848 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $23,854,000. Zweig DiMenna Associates LLC acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $281,000. Finally, CIBC Asset Management Inc boosted its position in shares of S&P Global by 1.5% in the 3rd quarter. CIBC Asset Management Inc now owns 44,826 shares of the business services provider’s stock valued at $7,007,000 after purchasing an additional 647 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.
Shares of S&P Global Inc (NYSE:SPGI) opened at $194.96 on Monday. S&P Global Inc has a 52-week low of $127.28 and a 52-week high of $196.14. The stock has a market capitalization of $49,500.34, a PE ratio of 28.25, a PEG ratio of 1.58 and a beta of 1.41. The company has a debt-to-equity ratio of 4.13, a quick ratio of 1.35 and a current ratio of 1.35.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be issued a $0.50 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, February 23rd. S&P Global’s payout ratio is currently 34.60%.
A number of analysts recently issued reports on the company. ValuEngine cut S&P Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Argus increased their target price on S&P Global to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Piper Jaffray Companies reissued an “overweight” rating and set a $229.00 target price (up from $224.00) on shares of S&P Global in a research note on Tuesday, February 13th. Credit Suisse Group raised their price objective on S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Cantor Fitzgerald raised their price target on S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $190.36.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $187.30, for a total value of $749,200.00. Following the completion of the sale, the chief executive officer now directly owns 145,850 shares of the company’s stock, valued at $27,317,705. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Nancy Luquette sold 890 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total value of $167,791.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,792 shares of company stock valued at $3,973,197. 0.20% of the stock is owned by corporate insiders.
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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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