S&P Global Inc. (SPGI) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 85.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,460 shares of the business services provider’s stock after selling 8,820 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in S&P Global were worth $228,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in S&P Global by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock worth $2,886,935,000 after buying an additional 379,537 shares during the period. BlackRock Inc. boosted its holdings in S&P Global by 11.3% in the 2nd quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after buying an additional 1,744,482 shares during the period. Artisan Partners Limited Partnership boosted its holdings in S&P Global by 0.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock worth $1,035,069,000 after buying an additional 18,758 shares during the period. Alliancebernstein L.P. boosted its holdings in S&P Global by 61.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock worth $268,235,000 after buying an additional 700,194 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in S&P Global by 4,882.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock worth $254,755,000 after buying an additional 1,709,993 shares during the period. Institutional investors own 85.58% of the company’s stock.

Shares of S&P Global Inc. (SPGI) traded up $0.73 during trading hours on Thursday, reaching $168.62. 666,400 shares of the company’s stock traded hands, compared to its average volume of 1,112,667. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52. S&P Global Inc. has a 1 year low of $107.21 and a 1 year high of $171.10. The company has a market cap of $42,811.95, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.02 and a beta of 1.51.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. sell-side analysts forecast that S&P Global Inc. will post 6.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, November 27th. S&P Global’s payout ratio is 24.08%.

Several research firms recently commented on SPGI. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a report on Monday, August 14th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $177.00 price objective on shares of S&P Global in a report on Thursday, October 26th. BidaskClub downgraded shares of S&P Global from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. Wells Fargo & Company raised their price objective on shares of S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, UBS raised their price objective on shares of S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. S&P Global has a consensus rating of “Buy” and an average target price of $168.27.

In other news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Courtney Geduldig sold 1,596 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $156.50, for a total transaction of $249,774.00. Following the sale, the executive vice president now owns 2,663 shares in the company, valued at approximately $416,759.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,000 shares of company stock valued at $1,104,704. Insiders own 0.20% of the company’s stock.

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S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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

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