S&P Global Inc. (NYSE:SPGI) Stock Position Lowered by Artemis Investment Management LLP

Artemis Investment Management LLP lessened its position in S&P Global Inc. (NYSE:SPGIGet Rating) by 81.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,339 shares of the business services provider’s stock after selling 63,364 shares during the quarter. Artemis Investment Management LLP’s holdings in S&P Global were worth $6,763,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of SPGI. Baystate Wealth Management LLC lifted its position in S&P Global by 96.7% in the 3rd quarter. Baystate Wealth Management LLC now owns 59 shares of the business services provider’s stock worth $25,000 after buying an additional 29 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth approximately $28,000. MV Capital Management Inc. lifted its position in S&P Global by 65.9% in the 3rd quarter. MV Capital Management Inc. now owns 68 shares of the business services provider’s stock worth $29,000 after buying an additional 27 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in S&P Global in the 4th quarter worth approximately $31,000. Finally, JNBA Financial Advisors purchased a new stake in S&P Global in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

In related news, insider Martina Cheung sold 3,870 shares of S&P Global stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $381.28, for a total transaction of $1,475,553.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dimitra Manis sold 2,636 shares of S&P Global stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $405.41, for a total transaction of $1,068,660.76. The disclosure for this sale can be found here. Insiders have sold a total of 11,280 shares of company stock valued at $4,478,177 over the last ninety days. 0.10% of the stock is owned by insiders.

SPGI has been the topic of several analyst reports. StockNews.com initiated coverage on shares of S&P Global in a research note on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of S&P Global in a research note on Wednesday, March 2nd. They set an “overweight” rating and a $480.00 price target on the stock. Morgan Stanley dropped their price target on shares of S&P Global from $468.00 to $459.00 and set an “overweight” rating on the stock in a research note on Thursday, March 17th. BMO Capital Markets increased their price target on shares of S&P Global from $454.00 to $462.00 and gave the stock an “outperform” rating in a research note on Monday, April 18th. Finally, Robert W. Baird dropped their price target on shares of S&P Global from $493.00 to $472.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 2nd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $480.14.

NYSE:SPGI opened at $376.50 on Friday. The company has a 50-day moving average of $396.10 and a 200-day moving average of $427.57. The company has a market capitalization of $90.77 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.38 and a beta of 1.05. S&P Global Inc. has a 52 week low of $363.54 and a 52 week high of $484.21. The company has a debt-to-equity ratio of 1.95, a quick ratio of 2.31 and a current ratio of 2.31.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The business services provider reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.05 billion. S&P Global had a net margin of 36.46% and a return on equity of 205.36%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $2.71 EPS. Sell-side analysts forecast that S&P Global Inc. will post 13.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 27th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from S&P Global’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, May 26th. S&P Global’s dividend payout ratio (DPR) is presently 24.62%.

S&P Global Profile (Get Rating)

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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

Further Reading

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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