BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,582 shares of the business services provider’s stock after selling 6,337 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.07% of S&P Global worth $29,321,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in S&P Global by 2.0% in the second quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock worth $2,886,935,000 after purchasing an additional 379,537 shares during the period. BlackRock Inc. increased its stake in shares of S&P Global by 11.3% during the second quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock valued at $2,510,617,000 after buying an additional 1,744,482 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of S&P Global by 0.3% during the second quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock valued at $1,035,069,000 after buying an additional 18,758 shares during the period. Edgewood Management LLC increased its stake in shares of S&P Global by 2.4% during the third quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after buying an additional 141,206 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of S&P Global by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock valued at $687,694,000 after buying an additional 157,161 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $159.38, for a total value of $223,769.52. Following the sale, the executive vice president now directly owns 1,259 shares in the company, valued at approximately $200,659.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,000 shares of company stock worth $1,104,704. 0.20% of the stock is owned by corporate insiders.
Shares of S&P Global Inc. (NYSE SPGI) traded up $0.43 during trading on Wednesday, hitting $167.89. The stock had a trading volume of 1,055,000 shares, compared to its average volume of 1,114,574. The stock has a market capitalization of $42,702.30, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.02 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52. S&P Global Inc. has a 1 year low of $107.21 and a 1 year high of $171.10.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts forecast that S&P Global Inc. will post 6.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s payout ratio is currently 24.08%.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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