S&P Global Inc. (NYSE:SPGI) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in S&P Global Inc. (NYSE:SPGIGet Rating) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,081 shares of the business services provider’s stock after buying an additional 410 shares during the quarter. Cetera Investment Advisers’ holdings in S&P Global were worth $4,955,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in S&P Global by 43.8% in the first quarter. BlackRock Inc. now owns 27,047,127 shares of the business services provider’s stock valued at $11,094,191,000 after buying an additional 8,234,255 shares during the last quarter. State Street Corp grew its holdings in shares of S&P Global by 3.5% during the fourth quarter. State Street Corp now owns 11,274,079 shares of the business services provider’s stock worth $5,320,576,000 after purchasing an additional 381,402 shares during the last quarter. Capital World Investors grew its holdings in shares of S&P Global by 7.1% during the fourth quarter. Capital World Investors now owns 5,955,180 shares of the business services provider’s stock worth $2,810,428,000 after purchasing an additional 395,484 shares during the last quarter. Capital International Investors grew its holdings in shares of S&P Global by 2.3% during the fourth quarter. Capital International Investors now owns 5,758,638 shares of the business services provider’s stock worth $2,717,673,000 after purchasing an additional 128,640 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of S&P Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 4,412,376 shares of the business services provider’s stock worth $2,077,459,000 after purchasing an additional 109,110 shares during the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.

S&P Global Trading Up 1.0 %

Shares of SPGI stock opened at $367.06 on Friday. The business’s fifty day moving average price is $364.56 and its 200 day moving average price is $367.37. S&P Global Inc. has a 1-year low of $311.87 and a 1-year high of $484.21. The firm has a market capitalization of $122.41 billion, a PE ratio of 27.35, a P/E/G ratio of 2.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 1.26.

S&P Global (NYSE:SPGIGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company earned $3.62 EPS. The company’s revenue was up 42.1% on a year-over-year basis. As a group, sell-side analysts forecast that S&P Global Inc. will post 11.49 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, August 25th. S&P Global’s dividend payout ratio is presently 25.34%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays dropped their price objective on S&P Global from $450.00 to $385.00 and set an “overweight” rating on the stock in a report on Friday, June 3rd. Oppenheimer raised their price objective on S&P Global from $404.00 to $419.00 and gave the stock an “outperform” rating in a report on Monday, August 29th. Royal Bank of Canada lowered their price target on S&P Global from $540.00 to $434.00 in a report on Thursday, June 2nd. Robert W. Baird reduced their price objective on S&P Global from $472.00 to $414.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Finally, Morgan Stanley lowered their target price on S&P Global from $398.00 to $390.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $416.43.

Insider Buying and Selling at S&P Global

In other S&P Global news, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the sale, the insider now owns 6,783 shares of the company’s stock, valued at $2,616,745.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other S&P Global news, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the sale, the insider now owns 6,783 shares of the company’s stock, valued at $2,616,745.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 7,500 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $377.13, for a total value of $2,828,475.00. Following the completion of the sale, the chief executive officer now directly owns 174,890 shares in the company, valued at approximately $65,956,265.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,150 shares of company stock valued at $10,146,219. Insiders own 0.10% of the company’s stock.

S&P Global Company Profile

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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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