Amalgamated Bank Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Amalgamated Bank lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 79,179 shares of the business services provider’s stock after selling 3,473 shares during the quarter. Amalgamated Bank’s holdings in S&P Global were worth $34,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Wellington Management Group LLP increased its stake in shares of S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after purchasing an additional 881,215 shares in the last quarter. Morgan Stanley raised its position in S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after acquiring an additional 428,737 shares during the period. Assenagon Asset Management S.A. lifted its holdings in S&P Global by 1,750.0% during the third quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock valued at $156,538,000 after purchasing an additional 405,234 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of S&P Global by 42.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock valued at $377,630,000 after purchasing an additional 309,123 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in S&P Global by 35.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock worth $430,827,000 after buying an additional 308,683 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.2 %

Shares of NYSE SPGI traded up $0.76 during trading on Thursday, reaching $416.96. The stock had a trading volume of 1,221,928 shares, compared to its average volume of 1,367,849. The business’s 50-day moving average price is $423.26 and its 200-day moving average price is $418.76. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $130.47 billion, a P/E ratio of 46.66, a PEG ratio of 2.32 and a beta of 1.14.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, equities research analysts predict that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 29th. S&P Global’s dividend payout ratio is currently 40.81%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James raised their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer lifted their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus upped their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Finally, Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $462.60.

About S&P Global

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.