S&P Global Inc (SPGI) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its position in S&P Global Inc (NYSE:SPGI) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,660 shares of the business services provider’s stock after selling 1,150 shares during the quarter. Gamco Investors INC. ET AL’s holdings in S&P Global were worth $11,462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its holdings in shares of S&P Global by 800.7% during the second 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. Kaizen Advisory LLC lifted its holdings in shares of S&P Global by 143.4% during the second 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 lifted its holdings in shares of S&P Global by 209.0% during the second 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. First Mercantile Trust Co. lifted its holdings in shares of S&P Global by 65.0% during the second quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 334 shares during the last quarter. Finally, Clinton Group Inc. purchased a new stake in shares of S&P Global during the second quarter valued at $201,000. Institutional investors and hedge funds own 84.23% of the company’s stock.

Several equities research analysts have recently commented on SPGI shares. Morgan Stanley upped their target price on S&P Global from $214.00 to $217.00 and gave the company a “$214.26” rating in a report on Wednesday, July 18th. UBS Group reduced their target price on S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a report on Friday, September 21st. ValuEngine downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Finally, Stifel Nicolaus upped their target price on S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a report on Friday, July 27th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. S&P Global has an average rating of “Hold” and an average target price of $206.69.

In related news, SVP Nancy Luquette sold 225 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $183.51, for a total transaction of $41,289.75. Following the transaction, the senior vice president now directly owns 306 shares of the company’s stock, valued at $56,154.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The disclosure for this sale can be found here. Insiders have sold 4,575 shares of company stock worth $917,542 over the last three months. 0.20% of the stock is owned by insiders.

NYSE:SPGI opened at $186.27 on Friday. The firm has a market cap of $46.03 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18. S&P Global Inc has a 1-year low of $156.50 and a 1-year high of $217.31. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 3.82.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.10. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. Equities research analysts predict that S&P Global Inc will post 8.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, November 27th. S&P Global’s payout ratio is 29.03%.

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S&P Global Company 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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