S&P Global Inc. (NYSE:SPGI) Position Lifted by Bessemer Group Inc.

Bessemer Group Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 8.3% during the second quarter, HoldingsChannel.com reports. The firm owned 1,205,861 shares of the business services provider’s stock after purchasing an additional 92,101 shares during the period. S&P Global makes up approximately 1.0% of Bessemer Group Inc.’s holdings, making the stock its 16th biggest holding. Bessemer Group Inc.’s holdings in S&P Global were worth $483,420,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Delta Asset Management LLC TN lifted its stake in S&P Global by 1.0% in the second quarter. Delta Asset Management LLC TN now owns 138,790 shares of the business services provider’s stock valued at $55,639,000 after buying an additional 1,397 shares during the last quarter. Peloton Wealth Strategists bought a new position in S&P Global in the 2nd quarter valued at about $825,000. King Luther Capital Management Corp increased its stake in S&P Global by 0.3% during the 2nd quarter. King Luther Capital Management Corp now owns 39,548 shares of the business services provider’s stock valued at $15,854,000 after buying an additional 106 shares during the period. GeoWealth Management LLC bought a new stake in shares of S&P Global during the 2nd quarter worth about $1,052,000. Finally, Great West Life Assurance Co. Can lifted its stake in shares of S&P Global by 1.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 519,623 shares of the business services provider’s stock worth $209,508,000 after acquiring an additional 8,030 shares during the period. 85.50% of the stock is owned by institutional investors.

S&P Global Stock Up 0.6 %

NYSE:SPGI traded up $2.31 during trading hours on Monday, hitting $410.43. 315,330 shares of the company’s stock traded hands, compared to its average volume of 1,232,625. The firm has a market cap of $130.02 billion, a P/E ratio of 52.80, a P/E/G ratio of 2.55 and a beta of 1.13. S&P Global Inc. has a twelve month low of $321.14 and a twelve month high of $428.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s fifty day moving average price is $372.74 and its two-hundred day moving average price is $381.99.

S&P Global Dividend Announcement

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 paid a $0.90 dividend. The ex-dividend date is Monday, November 27th. This represents a $3.60 annualized dividend and a yield of 0.88%. S&P Global’s dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent analyst reports. StockNews.com started coverage on S&P Global in a report on Thursday, October 5th. They set a “hold” rating on the stock. Wolfe Research initiated coverage on S&P Global in a report on Thursday, September 14th. They set an “outperform” rating and a $453.00 target price on the stock. Morgan Stanley cut their price target on shares of S&P Global from $450.00 to $424.00 and set an “overweight” rating for the company in a report on Tuesday, October 3rd. TheStreet downgraded shares of S&P Global from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Finally, Raymond James reduced their target price on shares of S&P Global from $421.00 to $403.00 and set an “outperform” rating for the company in a report on Thursday, October 5th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $420.18.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’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 in the company, valued at $66,309,076.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other S&P Global news, insider Saugata Saha sold 200 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $390.13, for a total transaction of $78,026.00. Following the transaction, the insider now directly owns 934 shares of the company’s stock, valued at $364,381.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas L. Peterson sold 6,000 shares of the business’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 completion of 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 disclosure for this sale can be found here. 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.