Quadrant Capital Group LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,465 shares of the business services provider’s stock after buying an additional 183 shares during the period. Quadrant Capital Group LLC’s holdings in S&P Global were worth $1,389,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of S&P Global by 96,853.6% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 636,007,026 shares of the business services provider’s stock valued at $254,968,857,000 after acquiring an additional 635,351,035 shares during the period. Norges Bank purchased a new position in S&P Global during the fourth quarter valued at approximately $1,112,935,000. Clearbridge Investments LLC boosted its position in shares of S&P Global by 11,089.7% in the first quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock worth $914,794,000 after purchasing an additional 2,210,296 shares during the period. Morgan Stanley raised its position in shares of S&P Global by 49.9% during the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock valued at $1,446,412,000 after purchasing an additional 1,437,116 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after buying an additional 1,056,097 shares in the last quarter. 85.50% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
SPGI has been the topic of several research analyst reports. TheStreet downgraded S&P Global from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. Robert W. Baird dropped their price objective on shares of S&P Global from $460.00 to $451.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Wolfe Research started coverage on shares of S&P Global in a research report on Thursday, September 14th. They set an “outperform” rating and a $453.00 target price on the stock. Raymond James dropped their price target on S&P Global from $421.00 to $403.00 and set an “outperform” rating for the company in a research report on Thursday, October 5th. Finally, Morgan Stanley reduced their price objective on S&P Global from $450.00 to $424.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $420.18.
S&P Global Stock Up 0.5 %
Shares of SPGI opened at $403.98 on Friday. The firm has a fifty day moving average price of $372.39 and a 200-day moving average price of $381.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $127.98 billion, a P/E ratio of 52.26, a P/E/G ratio of 2.54 and a beta of 1.13. S&P Global Inc. has a 12-month low of $321.14 and a 12-month high of $428.65.
S&P Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be given a $0.90 dividend. The ex-dividend date is Monday, November 27th. This represents a $3.60 annualized dividend and a yield of 0.89%. S&P Global’s dividend payout ratio (DPR) is 46.57%.
Insiders Place Their Bets
In other S&P Global news, insider Saugata Saha sold 200 shares of S&P Global stock in a transaction on Monday, August 21st. The stock was sold at an average price of $382.00, for a total transaction of $76,400.00. Following the completion of the sale, the insider now directly owns 1,134 shares of the company’s stock, valued at approximately $433,188. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.
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