Veracity Capital LLC cut its stake in S&P Global Inc. (NYSE:SPGI – Free Report) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 658 shares of the business services provider’s stock after selling 52 shares during the quarter. Veracity Capital LLC’s holdings in S&P Global were worth $294,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Janney Capital Management LLC grew its stake in shares of S&P Global by 2.7% during the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after acquiring an additional 461 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of S&P Global by 15.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after acquiring an additional 190,758 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of S&P Global by 54.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after acquiring an additional 1,115 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID grew its stake in shares of S&P Global by 0.3% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 20,215 shares of the business services provider’s stock valued at $8,905,000 after acquiring an additional 51 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
S&P Global Stock Performance
NYSE SPGI traded up $1.12 during trading hours on Wednesday, reaching $498.98. The company’s stock had a trading volume of 698,057 shares, compared to its average volume of 1,242,908. The company has a current ratio of 1.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $469.34 and a 200 day simple moving average of $442.14. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $502.95. The stock has a market cap of $156.13 billion, a PE ratio of 55.92, a PEG ratio of 2.55 and a beta of 1.16.
S&P Global Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on SPGI shares. Oppenheimer raised their target price on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Bank of America lifted their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Morgan Stanley lifted their price target on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research note on Friday, July 5th. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus lifted their price target on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $530.75.
Check Out Our Latest Analysis on S&P Global
Insider Activity
In related news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. 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 that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,862 shares of company stock valued at $8,645,727. Insiders own 0.10% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than S&P Global
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Target Hits the Mark: Q2 Earnings Exceed Expectations
- What is a SEC Filing?
- Is Tesla’s Rebound Just Starting? Why You Should Consider Buying
- The Significance of Brokerage Rankings in Stock Selection
- Stanley Druckenmiller’s Latest Bet: MELI—Should You Follow Suit?
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI – Free Report).
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.