S&P Global Inc. (NYSE:SPGI) Holdings Trimmed by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB cut its holdings in S&P Global Inc. (NYSE:SPGI) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,100 shares of the business services provider’s stock after selling 640 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in S&P Global were worth $6,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after buying an additional 2,962 shares during the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new stake in shares of S&P Global during the first quarter valued at approximately $1,222,000. Quadrature Capital Ltd acquired a new stake in S&P Global during the 1st quarter valued at $2,236,000. New Mexico Educational Retirement Board boosted its position in shares of S&P Global by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock worth $8,444,000 after buying an additional 3,500 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after buying an additional 6,162 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

S&P Global stock opened at $493.10 on Friday. The firm has a market capitalization of $154.29 billion, a P/E ratio of 55.28, a P/E/G ratio of 2.91 and a beta of 1.18. The stock has a fifty day moving average price of $513.82 and a two-hundred day moving average price of $470.01. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Bank of America upped their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Oppenheimer lifted their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets raised their price objective on shares of S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley upped their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their target price on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $565.17.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the transaction, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

S&P Global 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 S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.