DnB Asset Management AS lifted its holdings in shares of S&P Global Inc (NYSE:SPGI) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,128 shares of the business services provider’s stock after buying an additional 10,500 shares during the period. DnB Asset Management AS’s holdings in S&P Global were worth $20,858,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Americafirst Capital Management LLC bought a new position in S&P Global in the third quarter valued at about $150,000. GQG Partners LLC bought a new position in S&P Global in the second quarter valued at about $160,000. San Francisco Sentry Investment Group CA lifted its holdings in S&P Global by 828.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,160 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 1,035 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in S&P Global in the second quarter valued at about $185,000. Finally, Savant Capital LLC bought a new position in S&P Global in the third quarter valued at about $209,000. 85.49% of the stock is currently owned by institutional investors.
In other news, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the transaction, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of S&P Global stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the transaction, the executive vice president now owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $1,104,704 in the last 90 days. 0.20% of the stock is currently owned by company insiders.
S&P Global Inc (SPGI) traded up $0.85 during midday trading on Thursday, reaching $182.00. The company’s stock had a trading volume of 1,100,000 shares, compared to its average volume of 894,242. The stock has a market cap of $46,410.00, a PE ratio of 26.73, a PEG ratio of 1.91 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. S&P Global Inc has a fifty-two week low of $118.79 and a fifty-two week high of $185.34.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 178.75% and a net margin of 29.87%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. equities analysts predict that S&P Global Inc will post 6.68 EPS for the current fiscal year.
Several research analysts have recently commented on the company. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a research note on Tuesday, January 23rd. Nomura assumed coverage on S&P Global in a research note on Thursday, January 11th. They issued a “neutral” rating and a $160.00 price objective on the stock. Piper Jaffray Companies lifted their target price on S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 10th. Stifel Nicolaus assumed coverage on S&P Global in a research note on Tuesday, December 19th. They set a “hold” rating and a $186.00 target price on the stock. Finally, Barclays reissued an “overweight” rating and set a $190.00 target price (up previously from $185.00) on shares of S&P Global in a research note on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $172.00.
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S&P Global 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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