Tower Research Capital LLC TRC boosted its position in S&P Global Inc (NYSE:SPGI) by 163.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,042 shares of the business services provider’s stock after purchasing an additional 8,099 shares during the period. Tower Research Capital LLC TRC’s holdings in S&P Global were worth $2,548,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in SPGI. Cornerstone Wealth Management LLC lifted its position in S&P Global by 800.7% in the second quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 22,042 shares during the period. Sun Life Financial INC lifted its position in S&P Global by 209.0% in the second quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 462 shares during the period. Advisory Research Inc. acquired a new stake in S&P Global in the third quarter valued at about $200,000. Fiera Capital Corp acquired a new stake in S&P Global in the second quarter valued at about $202,000. Finally, Starfire Investment Advisers Inc. acquired a new stake in S&P Global in the second quarter valued at about $203,000. Hedge funds and other institutional investors own 82.92% of the company’s stock.
SPGI stock opened at $182.86 on Friday. S&P Global Inc has a 12-month low of $162.25 and a 12-month high of $217.31. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $45.25 billion, a PE ratio of 26.54, a P/E/G ratio of 1.46 and a beta of 1.18.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.09%. S&P Global’s payout ratio is 29.03%.
In other news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $183.51, for a total transaction of $41,289.75. Following the completion of the sale, the senior vice president now directly owns 306 shares in the company, valued at approximately $56,154.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.
SPGI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Goldman Sachs Group initiated coverage on shares of S&P Global in a research report on Wednesday, November 14th. They issued a “buy” rating and a $225.00 price objective for the company. ValuEngine downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Wells Fargo & Co reduced their price objective on shares of S&P Global from $205.00 to $180.00 and set a “market perform” rating for the company in a research report on Friday, October 26th. Finally, Morgan Stanley set a $204.00 price objective on shares of S&P Global and gave the company a “hold” rating in a research report on Thursday, October 11th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $208.00.
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S&P Global Company Profile
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.
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