D. E. Shaw & Co. Inc. grew its stake in shares of S&P Global Inc (NYSE:SPGI) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,241,090 shares of the business services provider’s stock after acquiring an additional 497,129 shares during the quarter. S&P Global comprises approximately 0.5% of D. E. Shaw & Co. Inc.’s investment portfolio, making the stock its 16th largest holding. D. E. Shaw & Co. Inc. owned about 0.89% of S&P Global worth $380,851,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. We Are One Seven LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $28,000. Moody National Bank Trust Division purchased a new stake in S&P Global in the fourth quarter valued at approximately $29,000. Legacy Bridge LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $30,000. Oregon Public Employees Retirement Fund boosted its position in S&P Global by 7,358.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock valued at $32,000 after buying an additional 5,345,720 shares during the last quarter. Finally, Legacy Financial Advisors Inc. boosted its position in S&P Global by 157.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock valued at $34,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.
In related news, insider John L. Berisford sold 9,669 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $202.22, for a total value of $1,955,265.18. Following the completion of the transaction, the insider now directly owns 26,344 shares of the company’s stock, valued at approximately $5,327,283.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ewout L. Steenbergen sold 4,000 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $194.20, for a total value of $776,800.00. Following the completion of the transaction, the chief financial officer now directly owns 5,239 shares of the company’s stock, valued at $1,017,413.80. The disclosure for this sale can be found here. Insiders have sold a total of 17,251 shares of company stock worth $3,437,289 in the last quarter. Insiders own 0.20% of the company’s stock.
S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm posted $1.85 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Sell-side analysts expect that S&P Global Inc will post 9.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th were given a dividend of $0.57 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, February 25th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.12%. S&P Global’s dividend payout ratio (DPR) is 26.82%.
SPGI has been the topic of a number of recent research reports. Zacks Investment Research lowered S&P Global from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Raymond James dropped their target price on S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. ValuEngine upgraded S&P Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Atlantic Securities upgraded S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 target price on the stock in a research report on Friday, January 11th. Finally, UBS Group dropped their target price on S&P Global from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, January 8th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $205.40.
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About S&P Global
S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.
See Also: Insider Trading
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