2 weeks Ago By ABMN Staff
Covington Investment Advisors Inc. cut its holdings in S&P Global Inc. ( NYSE:SPGI – Free Report ) by 0.
7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,316 shares of the business services provider’s stock after selling 218 shares during the quarter. S&P Global comprises 2.
2% of Covington Investment Advisors Inc.’s holdings, making the stock its 15th largest position. Covington Investment Advisors Inc.
’s holdings in S&P Global were worth $13,967,000 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in SPGI. Sachetta LLC grew its holdings in shares of S&P Global by 103.
4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Pineridge Advisors LLC purchased a new stake in S&P Global during the 4th quarter valued at about $26,000.
Hobbs Group Advisors LLC acquired a new position in shares of S&P Global in the second quarter valued at about $31,000. First Pacific Financial raised its position in S&P Global by 49.0% during the 2nd quarter.
First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in S&P Global during the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 87.
17% of the company’s stock. Insider Activity In related news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st.
The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00.
Following the completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .
In related news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.
55, for a total transaction of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.
25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st.
The stock was sold at an average price of $491.55, for a total transaction of $245,775.00.
Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The disclosure for this sale can be found here .
Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 over the last quarter. 0.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades View Our Latest Stock Report on S&P Global S&P Global Price Performance S&P Global stock opened at $512.72 on Monday. The stock has a market capitalization of $160.
43 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.91 and a beta of 1.
17. The company’s fifty day moving average price is $502.21 and its 200 day moving average price is $458.
44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.
03 and a current ratio of 1.03. S&P Global Inc.
has a 1 year low of $340.49 and a 1 year high of $528.02.
S&P Global ( NYSE:SPGI – Get Free Report ) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.
67 by $0.37. S&P Global had a net margin of 25.
03% and a return on equity of 13.03%. The business had revenue of $3.
55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the business earned $3.
12 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year.
As a group, equities research analysts anticipate that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.
S&P Global Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share.
The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.
71%. S&P Global’s payout ratio is currently 40.81%.
S&P Global Profile ( Free Report ) S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments. Recommended Stories Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for S&P Global Inc. ( NYSE:SPGI – Free Report ). Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.
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