Norinchukin Bank The increased its holdings in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,025 shares of the business services provider’s stock after purchasing an additional 31,881 shares during the quarter. S&P Global makes up 0.6% of Norinchukin Bank The’s portfolio, making the stock its 29th biggest holding. Norinchukin Bank The’s holdings in S&P Global were worth $45,789,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Camden National Bank bought a new stake in shares of S&P Global during the 4th quarter worth approximately $4,499,000. Moors & Cabot Inc. lifted its position in S&P Global by 5,138.1% during the 3rd quarter. Moors & Cabot Inc. now owns 55,000 shares of the business services provider’s stock worth $55,000 after acquiring an additional 53,950 shares during the period. We Are One Seven LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at about $211,000. Lord Abbett & CO. LLC raised its holdings in S&P Global by 3.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 141,700 shares of the business services provider’s stock worth $60,207,000 after purchasing an additional 4,300 shares during the period. Finally, Sawtooth Solutions LLC raised its holdings in S&P Global by 17.9% in the 3rd quarter. Sawtooth Solutions LLC now owns 1,497 shares of the business services provider’s stock worth $636,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 94.26% of the company’s stock.
Shares of NYSE:SPGI traded up $3.85 during midday trading on Thursday, hitting $329.66. The company had a trading volume of 3,251,300 shares, compared to its average volume of 2,364,092. S&P Global Inc. has a twelve month low of $322.20 and a twelve month high of $484.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 2.31. The stock has a market cap of $79.48 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The business’s 50-day simple moving average is $389.79 and its 200-day simple moving average is $422.12.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 27th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.77. S&P Global’s dividend payout ratio (DPR) is currently 22.22%.
A number of equities analysts recently issued reports on the company. Jefferies Financial Group started coverage on S&P Global in a report on Wednesday, March 2nd. They set a “buy” rating and a $453.00 price target on the stock. Credit Suisse Group cut their price objective on shares of S&P Global from $495.00 to $425.00 in a report on Wednesday, May 4th. Morgan Stanley decreased their target price on shares of S&P Global from $468.00 to $459.00 and set an “overweight” rating for the company in a research report on Thursday, March 17th. Barclays restated an “overweight” rating and issued a $500.00 target price on shares of S&P Global in a research report on Tuesday, March 8th. Finally, StockNews.com began coverage on shares of S&P Global in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One investment 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 has an average rating of “Buy” and an average price target of $467.57.
In other S&P Global news, insider Dimitra Manis sold 2,636 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Martina Cheung sold 3,870 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 11,280 shares of company stock valued at $4,478,177 over the last 90 days. 0.10% of the stock is currently owned by insiders.
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.
- Get a free copy of the StockNews.com research report on S&P Global (SPGI)
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