Enterprise Bank & Trust Co boosted its holdings in S&P Global Inc. (NYSE:SPGI – Get Rating) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,577 shares of the business services provider’s stock after buying an additional 179 shares during the period. Enterprise Bank & Trust Co’s holdings in S&P Global were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Accurate Wealth Management LLC bought a new position in shares of S&P Global in the fourth quarter valued at approximately $28,000. Dark Forest Capital Management LP purchased a new stake in S&P Global in the 2nd quarter worth approximately $29,000. Rain Capital Management LLC boosted its holdings in S&P Global by 38.2% in the 2nd quarter. Rain Capital Management LLC now owns 94 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 26 shares during the period. EdgeRock Capital LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at $29,000. Finally, New Millennium Group LLC bought a new position in shares of S&P Global in the second quarter worth $32,000. Institutional investors own 87.27% of the company’s stock.
Insider Buying and Selling at S&P Global
In related news, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $360.52, for a total transaction of $2,703,900.00. Following the completion of the transaction, the chief executive officer now directly owns 160,816 shares of the company’s stock, valued at approximately $57,977,384.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas L. Peterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $360.52, for a total transaction of $2,703,900.00. Following the completion of the transaction, the chief executive officer now owns 160,816 shares of the company’s stock, valued at approximately $57,977,384.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sally Moore sold 3,499 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $367.30, for a total value of $1,285,182.70. Following the completion of the sale, the executive vice president now directly owns 4,957 shares in the company, valued at $1,820,706.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,749 shares of company stock valued at $4,266,185. 0.10% of the stock is currently owned by company insiders.
S&P Global Trading Down 1.6 %
S&P Global (NYSE:SPGI – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.07. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.88 billion. S&P Global had a return on equity of 9.84% and a net margin of 29.05%. The business’s revenue was up 40.7% on a year-over-year basis. During the same quarter last year, the business posted $3.15 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 12.45 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, February 23rd. This is a boost from S&P Global’s previous quarterly dividend of $0.85. S&P Global’s dividend payout ratio (DPR) is presently 34.29%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Credit Suisse Group lifted their price objective on S&P Global from $385.00 to $395.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. StockNews.com started coverage on S&P Global in a report on Thursday. They set a “hold” rating for the company. Raymond James raised their target price on shares of S&P Global from $398.00 to $402.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Barclays boosted their price target on shares of S&P Global from $385.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $434.00 price objective on shares of S&P Global in a research report on Monday, March 6th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.56.
S&P Global Profile
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.
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