Livforsakringsbolaget Skandia Omsesidigt Buys 2,100 Shares of S&P Global Inc. (NYSE:SPGI)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 344.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,710 shares of the business services provider’s stock after acquiring an additional 2,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in S&P Global were worth $1,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pineridge Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $26,000. HWG Holdings LP bought a new position in S&P Global in the 2nd quarter worth $27,000. Sachetta LLC increased its stake in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in S&P Global during the second quarter valued at about $31,000. Finally, First Pacific Financial lifted its position in shares of S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $522.01 on Friday. The firm has a market capitalization of $163.34 billion, a price-to-earnings ratio of 58.52, a PEG ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $507.74 and a 200-day simple moving average of $464.67. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $528.02.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the company earned $3.12 earnings per share. S&P Global’s revenue was up 14.4% on a year-over-year basis. Equities analysts forecast that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Analyst Ratings Changes

Several brokerages recently issued reports on SPGI. UBS Group lifted their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Morgan Stanley boosted their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus raised their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America boosted their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Oppenheimer raised their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $560.83.

Insider Buying and Selling

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock valued at $8,645,727 in the last ninety days. 0.10% of the stock is owned by company insiders.

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.