2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company reduced its stake in shares of S&P Global Inc. ( NYSE:SPGI – Free Report ) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 480,121 shares of the business services provider’s stock after selling 20,612 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.15% of S&P Global worth $214,134,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Pineridge Advisors LLC bought a new stake in S&P Global during the 4th quarter valued at approximately $26,000. Sachetta LLC raised its position in shares of S&P Global by 103.
4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in S&P Global during the 2nd quarter valued at about $31,000.
First Pacific Financial grew its holdings in shares of S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares during the last quarter.
Finally, Ridgewood Investments LLC bought a new stake in shares of S&P Global during the second quarter valued at approximately $36,000. 87.17% of the stock is currently owned by institutional investors.
S&P Global Stock Performance Shares of S&P Global stock opened at $511.72 on Friday. S&P Global Inc.
has a 52 week low of $340.49 and a 52 week high of $528.02.
The company has a market capitalization of $160.12 billion, a PE ratio of 57.37, a price-to-earnings-growth ratio of 2.
91 and a beta of 1.17. The stock’s fifty day moving average is $501.
55 and its two-hundred day moving average is $457.43. The company has a quick ratio of 1.
03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.
S&P Global Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share.
The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.
71%. S&P Global’s dividend payout ratio is currently 40.81%.
Analyst Ratings Changes SPGI has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on S&P Global from $535.00 to $540.
00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays upped their target price on shares of S&P Global from $550.00 to $610.
00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co.
lifted their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st.
Finally, Morgan Stanley increased their price target on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, September 5th.
Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $548.18.
Check Out Our Latest Stock Analysis on S&P Global Insider Buying and Selling In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.
28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.
40. The sale was disclosed in a filing with the SEC, which is accessible through this link . In related news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st.
The shares were 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 owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.
28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.
40. The disclosure for this sale can be found here . Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 over the last three months.
0.10% of the stock is owned by company insiders. 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. See Also 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.com's FREE daily email newsletter .
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