2,258 Shares in S&P Global Inc (SPGI) Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA purchased a new stake in shares of S&P Global Inc (NYSE:SPGI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,258 shares of the business services provider’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USS Investment Management Ltd increased its stake in shares of S&P Global by 24.2% in the 3rd quarter. USS Investment Management Ltd now owns 966,695 shares of the business services provider’s stock worth $188,887,000 after purchasing an additional 188,210 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of S&P Global by 326.8% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,609 shares of the business services provider’s stock worth $314,000 after purchasing an additional 1,232 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of S&P Global by 46.0% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 6,342 shares of the business services provider’s stock worth $1,287,000 after purchasing an additional 1,997 shares in the last quarter. First Midwest Bank Trust Division increased its stake in shares of S&P Global by 18.9% in the 3rd quarter. First Midwest Bank Trust Division now owns 9,737 shares of the business services provider’s stock worth $1,902,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Dock Street Asset Management Inc. increased its stake in shares of S&P Global by 0.8% in the 3rd quarter. Dock Street Asset Management Inc. now owns 59,486 shares of the business services provider’s stock worth $11,623,000 after purchasing an additional 490 shares in the last quarter. 84.23% of the stock is currently owned by hedge funds and other institutional investors.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total value of $805,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nancy Luquette sold 225 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $183.51, for a total value of $41,289.75. Following the completion of the sale, the senior vice president now owns 306 shares of the company’s stock, valued at approximately $56,154.06. The disclosure for this sale can be found here. Insiders sold a total of 4,575 shares of company stock valued at $917,542 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Several research firms have recently commented on SPGI. Raymond James reduced their price objective on S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. BMO Capital Markets reduced their price objective on S&P Global from $197.00 to $185.00 and set a “market perform” rating for the company in a research note on Friday, October 26th. Morgan Stanley set a $202.00 price objective on S&P Global and gave the stock a “hold” rating in a research note on Friday, October 26th. Stifel Nicolaus upped their price objective on S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a research note on Friday, July 27th. Finally, Wells Fargo & Co reduced their price objective on S&P Global from $205.00 to $180.00 and set a “market perform” rating for the company in a research note on Friday, October 26th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. S&P Global presently has an average rating of “Hold” and a consensus target price of $206.69.

Shares of SPGI stock opened at $186.27 on Friday. S&P Global Inc has a 52-week low of $156.50 and a 52-week high of $217.31. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $46.03 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.10. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. Analysts expect that S&P Global Inc will post 8.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. S&P Global’s payout ratio is presently 29.03%.

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S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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