Livforsakringsbolaget Skandia Omsesidigt Purchases 400 Shares of S&P Global Inc (NYSE:SPGI)

Livforsakringsbolaget Skandia Omsesidigt grew its position in S&P Global Inc (NYSE:SPGI) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,867 shares of the business services provider’s stock after acquiring an additional 400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in S&P Global were worth $653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPGI. OppenheimerFunds Inc. boosted its holdings in shares of S&P Global by 2.0% during the 1st quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock worth $887,238,000 after buying an additional 80,700 shares during the period. Egerton Capital UK LLP boosted its holdings in shares of S&P Global by 11.0% during the 1st quarter. Egerton Capital UK LLP now owns 3,339,926 shares of the business services provider’s stock worth $703,221,000 after buying an additional 330,142 shares during the period. Northern Trust Corp boosted its holdings in shares of S&P Global by 0.4% during the 1st quarter. Northern Trust Corp now owns 3,108,165 shares of the business services provider’s stock worth $654,425,000 after buying an additional 12,880 shares during the period. Geode Capital Management LLC boosted its holdings in shares of S&P Global by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,856,635 shares of the business services provider’s stock worth $484,484,000 after buying an additional 80,031 shares during the period. Finally, Veritas Asset Management LLP boosted its holdings in shares of S&P Global by 4.9% during the 1st quarter. Veritas Asset Management LLP now owns 2,214,707 shares of the business services provider’s stock worth $466,307,000 after buying an additional 103,507 shares during the period. 82.56% of the stock is owned by institutional investors.

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Piper Jaffray Companies set a $16.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Finally, Raymond James lifted their target price on shares of S&P Global from $226.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $226.70.

S&P Global stock traded up $1.68 during midday trading on Wednesday, hitting $243.61. The company’s stock had a trading volume of 10,356 shares, compared to its average volume of 866,436. S&P Global Inc has a 1-year low of $156.68 and a 1-year high of $244.98. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50-day simple moving average of $234.38. The company has a market capitalization of $60.16 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.09.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm earned $2.00 EPS. S&P Global’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that S&P Global Inc will post 9.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is 26.82%.

In other news, CFO Ewout L. Steenbergen sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $215.59, for a total value of $1,724,720.00. Following the completion of the transaction, the chief financial officer now directly owns 15,694 shares in the company, valued at approximately $3,383,469.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $211.01, for a total transaction of $1,266,060.00. Following the completion of the transaction, the chief executive officer now owns 173,431 shares of the company’s stock, valued at $36,595,675.31. The disclosure for this sale can be found here. Insiders sold a total of 21,312 shares of company stock valued at $4,593,028 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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