S&P Global Inc (SPGI) Shares Bought by Virtu Financial LLC
Virtu Financial LLC lifted its position in shares of S&P Global Inc (NYSE:SPGI) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,837 shares of the business services provider’s stock after buying an additional 286 shares during the period. Virtu Financial LLC’s holdings in S&P Global were worth $311,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Milestone Resources Group Ltd acquired a new stake in shares of S&P Global during the 4th quarter worth $66,273,000. Twin Capital Management Inc. increased its holdings in shares of S&P Global by 90.5% during the 4th quarter. Twin Capital Management Inc. now owns 56,080 shares of the business services provider’s stock worth $9,500,000 after buying an additional 26,640 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of S&P Global during the 3rd quarter worth $859,000. Pinebridge Investments L.P. increased its holdings in shares of S&P Global by 31.6% during the 3rd quarter. Pinebridge Investments L.P. now owns 3,811 shares of the business services provider’s stock worth $596,000 after buying an additional 915 shares during the last quarter. Finally, Calton & Associates Inc. acquired a new stake in shares of S&P Global during the 4th quarter worth $222,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Shares of S&P Global Inc (SPGI) opened at $195.89 on Wednesday. S&P Global Inc has a twelve month low of $127.28 and a twelve month high of $197.76. The stock has a market capitalization of $49,740.00, a price-to-earnings ratio of 30.85, a P/E/G ratio of 1.58 and a beta of 1.41. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.35.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 23rd. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. S&P Global’s dividend payout ratio (DPR) is currently 31.50%.
SPGI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a report on Tuesday, January 23rd. Argus upped their price objective on S&P Global to $210.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Morgan Stanley increased their price target on S&P Global from $192.00 to $198.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Stifel Nicolaus initiated coverage on S&P Global in a report on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price target for the company. Finally, ValuEngine downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $190.36.
In other news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $187.30, for a total transaction of $749,200.00. Following the completion of the sale, the chief executive officer now directly owns 145,850 shares in the company, valued at $27,317,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nancy Luquette sold 890 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total value of $167,791.70. The disclosure for this sale can be found here. Insiders have sold 20,792 shares of company stock valued at $3,973,197 over the last 90 days. Insiders own 0.20% of the company’s stock.
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S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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