Natixis Advisors LLC increased its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,622 shares of the business services provider’s stock after purchasing an additional 1,916 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of S&P Global worth $156,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of SPGI. Joseph Group Capital Management bought a new stake in shares of S&P Global in the fourth quarter worth about $29,000. North Star Investment Management Corp. grew its stake in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the last quarter. Palisade Asset Management LLC bought a new stake in shares of S&P Global in the third quarter worth about $36,000. Ameriflex Group Inc. grew its stake in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Finally, Ares Financial Consulting LLC bought a new stake in shares of S&P Global in the fourth quarter worth about $40,000. 87.17% of the stock is owned by institutional investors.
S&P Global Price Performance
Shares of NYSE SPGI opened at $429.20 on Tuesday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a market cap of $127.04 billion, a P/E ratio of 27.16, a PEG ratio of 1.81 and a beta of 1.11. The company has a 50 day moving average of $424.48 and a 200 day moving average of $463.35. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s payout ratio is presently 24.56%.
Insider Buying and Selling
In other news, CEO Catherine R. Clay acquired 2,500 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 in the last three months. Insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on SPGI. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Stifel Nicolaus cut their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. BMO Capital Markets raised their price objective on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Daiwa Securities Group lowered their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Mizuho raised their price objective on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $546.39.
Check Out Our Latest Stock Analysis on S&P Global
S&P Global Company Profile
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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