Guggenheim Capital LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,139 shares of the business services provider’s stock after selling 417 shares during the period. Guggenheim Capital LLC’s holdings in S&P Global were worth $36,110,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SPGI. Johnson Financial Group Inc. acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $28,000. Creative Financial Designs Inc. ADV boosted its position in shares of S&P Global by 111.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 91 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 48 shares in the last quarter. South State CORP. purchased a new stake in shares of S&P Global in the third quarter worth approximately $44,000. Rockbridge Investment Management LCC purchased a new stake in shares of S&P Global in the third quarter worth approximately $50,000. Finally, Magellan Asset Management Ltd increased its position in S&P Global by 195.9% in the third quarter. Magellan Asset Management Ltd now owns 145 shares of the business services provider’s stock worth $52,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.
In other news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $339.54, for a total transaction of $2,376,780.00. Following the completion of the sale, the chief executive officer now directly owns 145,704 shares in the company, valued at approximately $49,472,336.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Several analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on S&P Global from $351.00 to $353.00 and gave the company a “hold” rating in a research report on Friday, October 2nd. Morgan Stanley raised their target price on shares of S&P Global from $404.00 to $411.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. BMO Capital Markets lowered their target price on shares of S&P Global from $375.00 to $392.00 in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of S&P Global in a research note on Monday. They set a “buy” rating and a $415.00 price objective for the company. Finally, UBS Group boosted their price target on shares of S&P Global from $418.00 to $422.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. S&P Global currently has an average rating of “Buy” and a consensus target price of $366.64.
Shares of SPGI traded up $11.21 during mid-day trading on Monday, hitting $352.78. The company’s stock had a trading volume of 81,137 shares, compared to its average volume of 1,319,771. S&P Global Inc. has a one year low of $186.05 and a one year high of $379.87. The company has a debt-to-equity ratio of 14.74, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $82.18 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99. The stock’s 50-day moving average is $341.57 and its two-hundred day moving average is $341.28.
S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, October 27th. The business services provider reported $2.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.21. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned $2.46 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Analysts expect that S&P Global Inc. will post 11.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, November 24th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global’s payout ratio is 28.12%.
S&P Global Company 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).
Featured Article: Stock Symbols Definition, Examples, Lookup
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).
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.