Pettee Investors Inc. Has $1.62 Million Position in S&P Global Inc (SPGI)

Pettee Investors Inc. decreased its position in S&P Global Inc (NYSE:SPGI) by 3.5% during the third quarter, HoldingsChannel reports. The firm owned 8,292 shares of the business services provider’s stock after selling 300 shares during the quarter. S&P Global makes up approximately 1.0% of Pettee Investors Inc.’s holdings, making the stock its 25th largest holding. Pettee Investors Inc.’s holdings in S&P Global were worth $1,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in S&P Global by 10.8% during the 2nd quarter. IFP Advisors Inc now owns 2,676 shares of the business services provider’s stock valued at $546,000 after acquiring an additional 261 shares during the period. BB&T Securities LLC increased its position in shares of S&P Global by 6.0% during the 2nd quarter. BB&T Securities LLC now owns 5,252 shares of the business services provider’s stock valued at $1,071,000 after purchasing an additional 298 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of S&P Global by 3.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 9,768 shares of the business services provider’s stock valued at $1,909,000 after purchasing an additional 298 shares during the last quarter. Intrust Bank NA increased its position in shares of S&P Global by 9.0% during the 2nd quarter. Intrust Bank NA now owns 3,611 shares of the business services provider’s stock valued at $736,000 after purchasing an additional 299 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of S&P Global by 0.8% during the 2nd quarter. CIBC Asset Management Inc now owns 39,715 shares of the business services provider’s stock valued at $8,097,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.

Several equities research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of S&P Global from $214.00 to $217.00 and gave the company a “$214.26” rating in a research report on Wednesday, July 18th. UBS Group reduced their price target on shares of S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Raymond James upped their price target on shares of S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $206.69.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nancy Luquette sold 350 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $107,978.85. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

NYSE SPGI opened at $182.98 on Monday. The stock has a market cap of $45.91 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18. S&P Global Inc has a 52 week low of $154.70 and a 52 week high of $217.31. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.10. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. Sell-side analysts forecast that S&P Global Inc will post 8.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, November 27th. S&P Global’s dividend payout ratio is 29.03%.

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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