ING Groep NV Sells 5,943 Shares of S&P Global Inc (SPGI)

ING Groep NV decreased its position in shares of S&P Global Inc (NYSE:SPGI) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,892 shares of the business services provider’s stock after selling 5,943 shares during the quarter. ING Groep NV’s holdings in S&P Global were worth $5,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Korea Investment CORP lifted its position in S&P Global by 11.1% in the third quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after buying an additional 30,900 shares during the last quarter. Prudential Financial Inc. lifted its position in S&P Global by 3.4% in the third quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock valued at $225,392,000 after buying an additional 47,930 shares during the last quarter. Milestone Resources Group Ltd acquired a new position in S&P Global in the fourth quarter valued at about $66,273,000. Twin Capital Management Inc. lifted its position in S&P Global by 90.5% in the fourth quarter. Twin Capital Management Inc. now owns 56,080 shares of the business services provider’s stock valued at $9,500,000 after buying an additional 26,640 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in S&P Global in the third quarter valued at about $23,854,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of S&P Global Inc (NYSE:SPGI) opened at $173.31 on Friday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 1.52 and a current ratio of 1.35. The stock has a market cap of $46,348.45, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.52. S&P Global Inc has a one year low of $125.02 and a one year high of $185.38.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.22. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. sell-side analysts anticipate that S&P Global Inc will post 8.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 23rd. S&P Global’s dividend payout ratio is presently 28.37%.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares in the company, valued at $22,207,837.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

SPGI has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. BidaskClub cut shares of S&P Global from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 20th. Wells Fargo & Co upped their target price on shares of S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Credit Suisse Group upped their target price on shares of S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Piper Jaffray Companies upped their target price on shares of S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. S&P Global presently has an average rating of “Buy” and an average price target of $182.29.

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

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