S&P Global Inc. (NYSE:SPGI) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 33.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 25,259 shares of the business services provider’s stock after selling 12,496 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in S&P Global were worth $11,266,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC purchased a new position in shares of S&P Global during the fourth quarter worth $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth about $26,000. Sachetta LLC grew its holdings in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in S&P Global during the 2nd quarter worth approximately $31,000. Finally, First Pacific Financial lifted its holdings in S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. UBS Group boosted their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. BMO Capital Markets raised their target price on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Barclays increased their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $540.25.

S&P Global Trading Down 0.1 %

NYSE:SPGI opened at $519.45 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $524.14. The stock’s 50 day moving average price is $493.49 and its 200 day moving average price is $451.60. The company has a market capitalization of $162.59 billion, a PE ratio of 58.23, a P/E/G ratio of 2.68 and a beta of 1.17.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.12 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

S&P Global Company Profile

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.