Stanley Laman Group Ltd. purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the third quarter, Holdings Channel reports. The fund purchased 440 shares of the business services provider’s stock, valued at approximately $227,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at about $27,000. Sachetta LLC lifted its holdings 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 during the period. HWG Holdings LP bought a new stake in S&P Global in the second quarter valued at $27,000. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at about $31,000. Finally, First Pacific Financial grew its holdings in shares of 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 acquiring an additional 24 shares during the period. 87.17% of the stock is currently owned by institutional investors.
S&P Global Stock Performance
Shares of SPGI opened at $510.92 on Thursday. The stock has a 50-day moving average of $513.82 and a two-hundred day moving average of $470.01. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $159.87 billion, a P/E ratio of 57.28, a P/E/G ratio of 2.91 and a beta of 1.18.
S&P Global Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.
Insider Activity
In related news, EVP Steven J. Kemps sold 2,700 shares of the company’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 value of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. UBS Group upped their price objective on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their price target on S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Morgan Stanley increased their target price on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Oppenheimer increased their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $565.17.
Read Our Latest Report on S&P Global
S&P Global 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
- How Investors Can Find the Best Cheap Dividend Stocks
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Conference Calls and Individual Investors
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What is Short Interest? How to Use It
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
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.