B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $1.04 Million Stake in S&P Global Inc (SPGI)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund trimmed its position in S&P Global Inc (NYSE:SPGI) by 55.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,078 shares of the business services provider’s stock after selling 6,383 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in S&P Global were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Wealth Management LLC raised its stake in S&P Global by 800.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 22,042 shares during the last quarter. Optimum Investment Advisors acquired a new position in S&P Global during the 1st quarter valued at $124,000. Kaizen Advisory LLC raised its stake in S&P Global by 143.4% during the 2nd quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 357 shares during the last quarter. Sun Life Financial INC raised its stake in S&P Global by 209.0% during the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 462 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its stake in S&P Global by 20,684.8% during the 1st quarter. Summit Trail Advisors LLC now owns 165,031 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 164,237 shares during the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.

Shares of S&P Global stock opened at $211.87 on Friday. The firm has a market capitalization of $52.68 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.27 and a current ratio of 1.27. S&P Global Inc has a 52-week low of $152.80 and a 52-week high of $217.31.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 EPS. analysts expect that S&P Global Inc will post 8.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Tuesday, August 28th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, August 27th. S&P Global’s payout ratio is 29.03%.

In other news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nancy Luquette sold 350 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total transaction of $71,172.50. Following the completion of the sale, the senior vice president now directly owns 531 shares in the company, valued at approximately $107,978.85. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the stock. Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Morgan Stanley upped their target price on shares of S&P Global from $217.00 to $219.00 and gave the company an “equal weight” rating in a research note on Friday, July 27th. BMO Capital Markets upped their target price on shares of S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. Stifel Nicolaus boosted their price target on shares of S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a report on Friday, July 27th. Finally, Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $202.93.

S&P Global Profile

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

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