Shell Asset Management Co. Buys 8,756 Shares of S&P Global Inc. (NYSE:SPGI)

Shell Asset Management Co. grew its stake in S&P Global Inc. (NYSE:SPGIGet Rating) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,887 shares of the business services provider’s stock after purchasing an additional 8,756 shares during the quarter. Shell Asset Management Co.’s holdings in S&P Global were worth $23,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baystate Wealth Management LLC raised its position in shares of S&P Global by 96.7% in the third quarter. Baystate Wealth Management LLC now owns 59 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 29 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of S&P Global in the fourth quarter valued at about $28,000. MV Capital Management Inc. raised its position in shares of S&P Global by 65.9% in the third quarter. MV Capital Management Inc. now owns 68 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of S&P Global in the fourth quarter valued at about $31,000. Finally, JNBA Financial Advisors bought a new position in shares of S&P Global in the third quarter valued at about $36,000. 92.90% of the stock is currently owned by institutional investors.

NYSE:SPGI traded down $10.05 during mid-day trading on Friday, hitting $376.50. 2,103,126 shares of the company’s stock were exchanged, compared to its average volume of 1,716,248. The company has a 50 day simple moving average of $396.10 and a 200-day simple moving average of $427.55. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.95. S&P Global Inc. has a fifty-two week low of $363.54 and a fifty-two week high of $484.21. The firm has a market capitalization of $90.77 billion, a P/E ratio of 30.10, a PEG ratio of 2.38 and a beta of 1.05.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 27th will be paid a $0.85 dividend. The ex-dividend date is Thursday, May 26th. This represents a $3.40 annualized dividend and a dividend yield of 0.90%. This is a positive change from S&P Global’s previous quarterly dividend of $0.77. S&P Global’s payout ratio is currently 24.62%.

SPGI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of S&P Global in a research report on Wednesday, March 30th. They set a “buy” rating and a $515.00 price target on the stock. UBS Group lowered their price target on shares of S&P Global from $520.00 to $486.00 and set a “buy” rating on the stock in a research report on Monday, March 7th. Robert W. Baird lowered 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 report on Wednesday, March 2nd. Raymond James reduced their price objective on shares of S&P Global from $497.00 to $475.00 and set an “outperform” rating on the stock in a research note on Thursday, April 7th. Finally, Barclays reiterated an “overweight” rating and set a $500.00 price objective on shares of S&P Global in a research note on Tuesday, March 8th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $480.14.

In other S&P Global news, insider Martina Cheung sold 3,870 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven J. Kemps sold 1,591 shares of the business’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $407.23, for a total transaction of $647,902.93. The disclosure for this sale can be found here. Insiders sold a total of 11,280 shares of company stock valued at $4,478,177 in the last quarter. 0.10% of the stock is currently owned by company insiders.

About S&P Global (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.

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

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