Panagora Asset Management Inc. Sells 94,142 Shares of S&P Global Inc (NYSE:SPGI)

Panagora Asset Management Inc. reduced its position in S&P Global Inc (NYSE:SPGI) by 93.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,514 shares of the business services provider’s stock after selling 94,142 shares during the quarter. Panagora Asset Management Inc.’s holdings in S&P Global were worth $1,484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in S&P Global by 49.5% in the second quarter. Rockefeller Capital Management L.P. now owns 33,624 shares of the business services provider’s stock worth $7,659,000 after buying an additional 11,138 shares in the last quarter. Fayez Sarofim & Co lifted its holdings in shares of S&P Global by 6.1% in the 2nd quarter. Fayez Sarofim & Co now owns 1,123,124 shares of the business services provider’s stock worth $255,836,000 after acquiring an additional 64,676 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of S&P Global in the 2nd quarter valued at $244,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of S&P Global by 5.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 51,209 shares of the business services provider’s stock valued at $11,665,000 after purchasing an additional 2,639 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its stake in shares of S&P Global by 2.1% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,161 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

In other news, EVP Steven J. Kemps sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $249.88, for a total transaction of $1,374,340.00. Following the transaction, the executive vice president now directly owns 7,540 shares of the company’s stock, valued at $1,884,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total value of $232,053.08. Following the transaction, the chief executive officer now owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,425 shares of company stock valued at $5,898,602. Insiders own 0.20% of the company’s stock.

SPGI has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their target price on shares of S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. assumed coverage on shares of S&P Global in a research report on Wednesday, July 10th. They set an “overweight” rating and a $260.00 price target for the company. Morgan Stanley upped their price target on shares of S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. UBS Group raised their price objective on S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Raymond James lifted their price objective on S&P Global from $246.00 to $272.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $252.23.

NYSE:SPGI traded down $2.29 during midday trading on Wednesday, reaching $250.06. 32,207 shares of the stock traded hands, compared to its average volume of 1,198,253. The company has a fifty day moving average of $255.05 and a 200 day moving average of $226.80. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $269.57. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $64.23 billion, a P/E ratio of 29.47, a PEG ratio of 2.83 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.15. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 EPS. On average, analysts predict that S&P Global Inc will post 9.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is 26.82%.

About S&P Global

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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