Northcape Capital Pty Ltd grew its stake in S&P Global Inc (NYSE:SPGI) by 30.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,871 shares of the business services provider’s stock after buying an additional 1,844 shares during the period. S&P Global accounts for 0.3% of Northcape Capital Pty Ltd’s holdings, making the stock its 11th biggest position. Northcape Capital Pty Ltd’s holdings in S&P Global were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. GYL Financial Synergies LLC increased its holdings in S&P Global by 205.9% in the first quarter. GYL Financial Synergies LLC now owns 5,916 shares of the business services provider’s stock valued at $1,246,000 after buying an additional 3,982 shares in the last quarter. Westpac Banking Corp increased its holdings in S&P Global by 5.9% in the first quarter. Westpac Banking Corp now owns 65,304 shares of the business services provider’s stock valued at $13,750,000 after buying an additional 3,667 shares in the last quarter. Alera Investment Advisors LLC increased its holdings in S&P Global by 16.0% in the first quarter. Alera Investment Advisors LLC now owns 435 shares of the business services provider’s stock valued at $92,000 after buying an additional 60 shares in the last quarter. Andra AP fonden purchased a new position in S&P Global in the first quarter valued at $5,727,000. Finally, TCG Advisors LP purchased a new position in S&P Global in the first quarter valued at $126,000. 83.00% of the stock is owned by institutional investors and hedge funds.
SPGI traded up $0.16 on Wednesday, reaching $222.85. 20,667 shares of the company’s stock were exchanged, compared to its average volume of 1,217,206. The firm has a market capitalization of $56.07 billion, a PE ratio of 26.25, a PEG ratio of 1.81 and a beta of 1.10. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $229.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 11.03.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $2.28 dividend on an annualized basis and a yield of 1.02%. S&P Global’s payout ratio is presently 26.82%.
Several analysts have recently issued reports on SPGI shares. UBS Group lifted their target price on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Morgan Stanley set a $226.00 target price on shares of S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. Raymond James lifted their target price on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, Piper Jaffray Companies lifted their target price on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $218.09.
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $211.01, for a total value of $1,266,060.00. Following the transaction, the chief executive officer now directly owns 173,431 shares in the company, valued at approximately $36,595,675.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nancy Luquette sold 2,200 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $216.85, for a total transaction of $477,070.00. Following the completion of the transaction, the senior vice president now owns 2,340 shares in the company, valued at $507,429. The disclosure for this sale can be found here. Insiders have sold 22,095 shares of company stock worth $4,729,500 over the last 90 days. 0.20% of the stock is currently owned by company insiders.
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S&P Global Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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