TD Asset Management Inc. increased its holdings in S&P Global Inc (NYSE:SPGI) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,140 shares of the business services provider’s stock after acquiring an additional 4,953 shares during the period. TD Asset Management Inc. owned about 0.06% of S&P Global worth $29,922,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in SPGI. Clinton Group Inc. purchased a new position in S&P Global during the second quarter valued at $201,000. Trust Co. of Vermont grew its stake in shares of S&P Global by 11.4% in the 2nd quarter. Trust Co. of Vermont now owns 3,786 shares of the business services provider’s stock worth $772,000 after buying an additional 388 shares in the last quarter. Pennsylvania Trust Co grew its stake in shares of S&P Global by 20.1% in the 2nd quarter. Pennsylvania Trust Co now owns 4,323 shares of the business services provider’s stock worth $881,000 after buying an additional 723 shares in the last quarter. Capital One National Association grew its stake in shares of S&P Global by 23.5% in the 2nd quarter. Capital One National Association now owns 8,174 shares of the business services provider’s stock worth $1,666,000 after buying an additional 1,556 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of S&P Global in the 2nd quarter worth $287,000. 84.23% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $183.51, for a total transaction of $41,289.75. Following the completion of the transaction, the senior vice president now directly owns 306 shares of the company’s stock, valued at approximately $56,154.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total transaction of $805,080.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,575 shares of company stock valued at $917,542. 0.20% of the stock is owned by corporate insiders.
Shares of NYSE:SPGI opened at $186.27 on Friday. S&P Global Inc has a 52 week low of $156.50 and a 52 week high of $217.31. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $46.85 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.53 and a beta of 1.18.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.10. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. As a group, research analysts expect that S&P Global Inc will post 8.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. S&P Global’s dividend payout ratio is presently 29.03%.
A number of equities analysts have commented on SPGI shares. Morgan Stanley lifted their price objective on shares of S&P Global from $214.00 to $217.00 and gave the stock a “$214.26” rating in a research note on Wednesday, July 18th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a research note on Friday, July 27th. BMO Capital Markets lifted their price objective on shares of S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a research note on Friday, July 27th. Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Finally, UBS Group dropped their price objective on shares of S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $206.69.
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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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