Great Lakes Advisors LLC decreased its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 1.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,148 shares of the business services provider’s stock after selling 1,339 shares during the quarter. Great Lakes Advisors LLC’s holdings in S&P Global were worth $45,544,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. grew its stake in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. grew its stake in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.
S&P Global Stock Down 3.0%
Shares of SPGI stock opened at $413.71 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The firm has a market cap of $122.46 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The stock has a 50 day moving average of $424.96 and a 200-day moving average of $459.21. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.
S&P Global Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 24.56%.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Barclays reissued an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a research note on Monday, February 23rd. UBS Group restated a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Mizuho boosted their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Wells Fargo & Company reduced their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, Jefferies Financial Group boosted their target price on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $546.39.
Get Our Latest Analysis on SPGI
Insider Transactions at S&P Global
In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 5,974 shares of company stock worth $2,576,775 over the last three months. 0.03% of the stock is currently owned by insiders.
About S&P Global
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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