Daiwa Securities Group Inc. lifted its holdings in S&P Global Inc (NYSE:SPGI) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,460 shares of the business services provider’s stock after acquiring an additional 442 shares during the quarter. Daiwa Securities Group Inc.’s holdings in S&P Global were worth $2,562,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Julex Capital Management LLC acquired a new stake in shares of S&P Global in the third quarter worth $25,000. River & Mercantile Asset Management LLP purchased a new stake in S&P Global during the second quarter worth $25,000. Krane Funds Advisors LLC purchased a new stake in S&P Global during the second quarter worth $25,000. Coastal Investment Advisors Inc. boosted its holdings in S&P Global by 409.1% during the second quarter. Coastal Investment Advisors Inc. now owns 112 shares of the business services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Finally, Coastal Capital Group Inc. purchased a new stake in S&P Global during the second quarter worth $27,000. Hedge funds and other institutional investors own 82.69% of the company’s stock.
SPGI opened at $255.30 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.91. The company has a market cap of $61.39 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.68 and a beta of 1.07. S&P Global Inc has a 52-week low of $156.68 and a 52-week high of $269.57. The firm’s fifty day simple moving average is $250.42 and its two-hundred day simple moving average is $239.49.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, November 25th. S&P Global’s payout ratio is 26.82%.
A number of brokerages recently issued reports on SPGI. ValuEngine downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Friday, September 27th. UBS Group increased their price target on shares of S&P Global from $301.00 to $314.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Wednesday, October 30th. Edward Jones initiated coverage on shares of S&P Global in a report on Wednesday, September 11th. They set a “buy” rating on the stock. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $257.00 to $271.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $264.42.
In other news, CTO Nicholas Cafferillo sold 3,219 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $257.90, for a total value of $830,180.10. Following the transaction, the chief technology officer now directly owns 2,707 shares of the company’s stock, valued at $698,135.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $254.46, for a total transaction of $256,241.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,986 shares of company stock worth $3,063,427. Insiders own 0.20% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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