Cider Mill Investments LP raised its stake in shares of S&P Global Inc (NYSE:SPGI) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,349 shares of the business services provider’s stock after purchasing an additional 30,432 shares during the quarter. S&P Global accounts for about 5.8% of Cider Mill Investments LP’s holdings, making the stock its 2nd biggest holding. Cider Mill Investments LP’s holdings in S&P Global were worth $14,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. USA Mutuals Advisors Inc. bought a new stake in shares of S&P Global in the 4th quarter worth approximately $108,000. Truewealth LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $112,000. Financial Gravity Companies Inc. bought a new stake in shares of S&P Global in the 4th quarter worth approximately $115,000. Cerebellum GP LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of S&P Global by 89.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock worth $142,000 after acquiring an additional 396 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.
S&P Global Inc (NYSE SPGI) opened at $195.96 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global Inc has a one year low of $127.28 and a one year high of $196.71. The company has a market cap of $49,750.00, a price-to-earnings ratio of 30.86, a P/E/G ratio of 1.58 and a beta of 1.41.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. This is an increase from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 23rd. S&P Global’s payout ratio is presently 31.50%.
SPGI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a report on Tuesday, January 23rd. Argus boosted their price objective on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Morgan Stanley boosted their price objective on shares of S&P Global from $192.00 to $198.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Stifel Nicolaus initiated coverage on shares of S&P Global in a report on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price objective for the company. Finally, ValuEngine lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. S&P Global presently has an average rating of “Buy” and an average target price of $190.36.
In other S&P Global news, insider John L. Berisford sold 15,902 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the transaction, the insider now directly owns 25,455 shares of the company’s stock, valued at approximately $4,892,196.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $187.30, for a total transaction of $749,200.00. Following the transaction, the chief executive officer now directly owns 145,850 shares in the company, valued at $27,317,705. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,792 shares of company stock worth $3,973,197. 0.20% of the stock is owned by insiders.
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.
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