Penserra Capital Management LLC Sells 1,428 Shares of S&P Global Inc (SPGI)

Penserra Capital Management LLC decreased its position in S&P Global Inc (NYSE:SPGI) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,376 shares of the business services provider’s stock after selling 1,428 shares during the quarter. Penserra Capital Management LLC’s holdings in S&P Global were worth $403,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SPGI. Vanguard Group Inc grew its position in shares of S&P Global by 1.0% during the third quarter. Vanguard Group Inc now owns 20,446,977 shares of the business services provider’s stock worth $3,995,135,000 after buying an additional 195,642 shares in the last quarter. Matthew Goff Investment Advisor LLC grew its position in shares of S&P Global by 2,325.0% during the third quarter. Matthew Goff Investment Advisor LLC now owns 11,894,019 shares of the business services provider’s stock worth $490,475,000 after buying an additional 11,403,544 shares in the last quarter. Edgewood Management LLC grew its position in shares of S&P Global by 1.5% during the third quarter. Edgewood Management LLC now owns 6,553,573 shares of the business services provider’s stock worth $1,280,503,000 after buying an additional 97,455 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of S&P Global by 7,358.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock worth $32,000 after buying an additional 5,345,720 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of S&P Global by 277.6% during the third quarter. Jennison Associates LLC now owns 3,055,356 shares of the business services provider’s stock worth $596,986,000 after buying an additional 2,246,219 shares in the last quarter. 84.66% of the stock is owned by institutional investors.

S&P Global stock opened at $198.32 on Tuesday. The firm has a market capitalization of $49.76 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. The company has a debt-to-equity ratio of 5.35, a current ratio of 1.37 and a quick ratio of 1.44. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $217.31.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. On average, analysts anticipate that S&P Global Inc will post 9.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.15%. This is a boost from S&P Global’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 23.53%.

A number of research firms have commented on SPGI. Zacks Investment Research downgraded shares of S&P Global from a “hold” rating to a “sell” rating in a report on Monday, January 7th. ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Raymond James decreased their price objective on shares of S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, October 26th. BMO Capital Markets decreased their price objective on shares of S&P Global from $197.00 to $185.00 and set a “market perform” rating for the company in a report on Friday, October 26th. Finally, Morgan Stanley set a $193.00 price objective on shares of S&P Global and gave the stock a “hold” rating in a report on Wednesday, January 23rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $205.40.

In other S&P Global news, CEO Alexander Matturri, Jr. sold 1,791 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value of $350,570.34. Following the sale, the chief executive officer now directly owns 17,354 shares in the company, valued at $3,396,871.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ewout L. Steenbergen sold 4,000 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $194.20, for a total value of $776,800.00. Following the completion of the sale, the chief financial officer now owns 5,239 shares in the company, valued at $1,017,413.80. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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About S&P Global

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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