Bessemer Securities LLC Has $1.31 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Bessemer Securities LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 50.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,257 shares of the business services provider’s stock after selling 3,300 shares during the period. Bessemer Securities LLC’s holdings in S&P Global were worth $1,306,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of S&P Global by 96,853.6% in the second 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 buying an additional 635,351,035 shares in the last quarter. BlackRock Inc. raised its holdings in S&P Global by 2.2% in the 1st quarter. BlackRock Inc. now owns 25,744,251 shares of the business services provider’s stock valued at $8,875,846,000 after acquiring an additional 549,673 shares in the last quarter. TCI Fund Management Ltd. raised its holdings in S&P Global by 1.6% in the 1st quarter. TCI Fund Management Ltd. now owns 9,329,611 shares of the business services provider’s stock valued at $3,216,570,000 after acquiring an additional 145,038 shares in the last quarter. FMR LLC lifted its position in shares of S&P Global by 3.0% during the 1st quarter. FMR LLC now owns 6,368,385 shares of the business services provider’s stock valued at $2,195,628,000 after acquiring an additional 188,161 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of S&P Global by 0.4% during the 1st quarter. Geode Capital Management LLC now owns 5,940,550 shares of the business services provider’s stock worth $2,042,765,000 after purchasing an additional 23,949 shares in the last quarter. 85.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. TheStreet cut shares of S&P Global from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. Barclays upped their price target on shares of S&P Global from $425.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Robert W. Baird reduced their price target on shares of S&P Global from $460.00 to $451.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Wolfe Research assumed coverage on shares of S&P Global in a research report on Thursday, September 14th. They set an “outperform” rating and a $453.00 price objective for the company. Finally, StockNews.com assumed coverage on S&P Global in a report on Thursday, October 5th. They issued a “hold” rating on the stock. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $420.18.

S&P Global Price Performance

SPGI stock traded up $1.49 during midday trading on Monday, reaching $409.61. 212,265 shares of the stock were exchanged, compared to its average volume of 1,231,770. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $129.76 billion, a PE ratio of 52.80, a P/E/G ratio of 2.55 and a beta of 1.13. S&P Global Inc. has a 52 week low of $321.14 and a 52 week high of $428.65. The company has a fifty day moving average price of $372.74 and a 200 day moving average price of $381.99.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, November 27th. S&P Global’s dividend payout ratio is currently 46.57%.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $405.28, for a total transaction of $2,431,680.00. Following the sale, the chief executive officer now directly owns 163,613 shares of the company’s stock, valued at approximately $66,309,076.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Saugata Saha sold 200 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $390.13, for a total value of $78,026.00. Following the completion of the sale, the insider now owns 934 shares of the company’s stock, valued at $364,381.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $405.28, for a total value of $2,431,680.00. Following the transaction, the chief executive officer now owns 163,613 shares of the company’s stock, valued at $66,309,076.64. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.