Fox Run Management L.L.C. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 36.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the business services provider’s stock after selling 2,100 shares during the quarter. Fox Run Management L.L.C.’s holdings in S&P Global were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of S&P Global in the 1st quarter valued at $103,000. Penserra Capital Management LLC bought a new position in S&P Global in the second quarter valued at $106,000. GQG Partners LLC acquired a new stake in S&P Global in the second quarter valued at $160,000. Parallel Advisors LLC raised its stake in S&P Global by 8.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after purchasing an additional 86 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in S&P Global in the 2nd quarter worth about $185,000. 86.33% of the stock is currently owned by hedge funds and other institutional investors.
SPGI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Monday, July 17th. UBS AG raised their price target on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $176.00 price target on shares of S&P Global in a report on Wednesday, October 18th. Barclays PLC boosted their target price on S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. Finally, BidaskClub cut S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $164.75.
In other news, EVP Courtney Geduldig sold 1,596 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $156.50, for a total transaction of $249,774.00. Following the sale, the executive vice president now directly owns 2,663 shares of the company’s stock, valued at approximately $416,759.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now owns 106 shares of the company’s stock, valued at $16,059. The disclosure for this sale can be found here. Insiders sold a total of 3,860 shares of company stock valued at $603,834 over the last quarter. 0.20% of the stock is owned by corporate insiders.
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Shares of S&P Global Inc. (NYSE:SPGI) traded up $1.09 during mid-day trading on Tuesday, hitting $158.03. 789,700 shares of the stock traded hands, compared to its average volume of 1,118,934. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $166.17. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $40,300.00, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.51.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $1.43 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. sell-side analysts predict that S&P Global Inc. will post 6.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s dividend payout ratio is presently 24.08%.
About S&P Global
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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