Sumitomo Mitsui Asset Management Company LTD lowered its stake in S&P Global Inc. (NYSE:SPGI) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,844 shares of the business services provider’s stock after selling 972 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in S&P Global were worth $3,043,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Koch Industries Inc. purchased a new position in S&P Global during the first quarter valued at about $365,000. Schwab Charles Investment Management Inc. raised its position in S&P Global by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 815,937 shares of the business services provider’s stock valued at $106,676,000 after buying an additional 38,665 shares during the last quarter. Bridgewater Associates LP bought a new stake in shares of S&P Global during the first quarter valued at approximately $3,860,000. Israel Discount Bank of New York bought a new stake in shares of S&P Global during the first quarter valued at approximately $222,000. Finally, Henderson Group PLC increased its stake in shares of S&P Global by 1.2% in the first quarter. Henderson Group PLC now owns 35,023 shares of the business services provider’s stock valued at $4,579,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 84.35% of the company’s stock.
Shares of S&P Global Inc. (NYSE:SPGI) opened at 150.10 on Friday. S&P Global Inc. has a 52-week low of $107.21 and a 52-week high of $158.35. The firm has a market cap of $38.58 billion, a P/E ratio of 17.49 and a beta of 1.52. The company has a 50-day moving average of $150.57 and a 200 day moving average of $138.54.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.09%. S&P Global’s dividend payout ratio (DPR) is 19.16%.
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Several analysts have recently commented on SPGI shares. Barclays PLC raised their price objective on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Monday, July 17th. BMO Capital Markets raised their price objective on shares of S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. UBS AG raised their price objective on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $153.73.
In other news, Director Marco Alvera acquired 400 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the acquisition, the director now owns 400 shares in the company, valued at $56,036. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
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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