FDx Advisors Inc. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,869 shares of the business services provider’s stock after selling 910 shares during the quarter. FDx Advisors Inc.’s holdings in S&P Global were worth $292,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in shares of S&P Global during the second quarter valued at about $106,000. GQG Partners LLC bought a new stake in shares of S&P Global during the second quarter valued at approximately $160,000. Parallel Advisors LLC increased its holdings in S&P Global by 8.9% during the second quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock valued at $162,000 after buying an additional 86 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in S&P Global during the second quarter valued at approximately $185,000. Finally, W. E. Donoghue & Co. LLC purchased a new position in S&P Global during the second quarter valued at approximately $200,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the sale, the executive vice president now owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the completion of the sale, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. Insiders have sold 7,000 shares of company stock valued at $1,104,704 in the last three months. Corporate insiders own 0.20% of the company’s stock.
Shares of S&P Global Inc. (SPGI) traded up $0.91 during trading on Thursday, hitting $169.53. 544,718 shares of the company’s stock were exchanged, compared to its average volume of 1,110,261. The firm has a market capitalization of $42,811.95, a P/E ratio of 26.52, a P/E/G ratio of 2.02 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $171.10.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.19. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 earnings per share. sell-side analysts expect that S&P Global Inc. will post 6.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 0.97%. S&P Global’s dividend payout ratio is currently 24.08%.
SPGI has been the topic of several analyst reports. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Thursday, September 21st. BMO Capital Markets reiterated a “buy” rating and set a $177.00 price objective on shares of S&P Global in a research note on Friday, October 13th. BidaskClub downgraded shares of S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Cantor Fitzgerald restated a “buy” rating and set a $177.00 target price on shares of S&P Global in a research report on Thursday, October 26th. Finally, UBS boosted their target price on shares of S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $168.27.
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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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