Independent Franchise Partners LLP increased its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,110,837 shares of the business services provider’s stock after acquiring an additional 1,975 shares during the period. S&P Global makes up about 3.7% of Independent Franchise Partners LLP’s holdings, making the stock its 16th largest holding. Independent Franchise Partners LLP’s holdings in S&P Global were worth $445,323,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Fiduciary Alliance LLC purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Resources Management Corp CT ADV acquired a new stake in shares of S&P Global in the first quarter valued at $28,000. Addison Advisors LLC grew its stake in shares of S&P Global by 74.5% in the first quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock valued at $31,000 after buying an additional 38 shares in the last quarter. ZRC Wealth Management LLC purchased a new stake in shares of S&P Global in the 1st quarter valued at $37,000. Finally, Archer Investment Corp purchased a new position in S&P Global during the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 85.50% of the company’s stock.
Insider Buying and Selling
In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $405.28, for a total value of $2,431,680.00. Following the completion of the sale, the chief executive officer now directly owns 163,613 shares of the company’s stock, valued at $66,309,076.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $405.28, for a total value of $2,431,680.00. Following the sale, the chief executive officer now owns 163,613 shares of the company’s stock, valued at $66,309,076.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Saugata Saha sold 200 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $390.13, for a total transaction of $78,026.00. Following the completion of the sale, the insider now owns 934 shares of the company’s stock, valued at approximately $364,381.42. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
S&P Global Stock Up 1.0 %
Shares of NYSE SPGI traded up $4.20 during mid-day trading on Monday, reaching $412.32. The company had a trading volume of 555,979 shares, compared to its average volume of 1,233,714. The firm has a 50 day simple moving average of $372.74 and a two-hundred day simple moving average of $381.99. S&P Global Inc. has a 52-week low of $321.14 and a 52-week high of $428.65. 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 stock has a market cap of $130.62 billion, a P/E ratio of 52.80, a PEG ratio of 2.55 and a beta of 1.13.
S&P Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s payout ratio is currently 46.57%.
About S&P Global
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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