Swedbank AB Has $347.65 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Swedbank AB lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 779,473 shares of the business services provider’s stock after selling 47,356 shares during the period. Swedbank AB owned about 0.25% of S&P Global worth $347,645,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPGI. Rockingstone Advisors LLC lifted its holdings in shares of S&P Global by 0.8% in the second quarter. Rockingstone Advisors LLC now owns 7,723 shares of the business services provider’s stock valued at $3,444,000 after purchasing an additional 65 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in S&P Global by 107.2% in the 2nd 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 acquiring an additional 2,962 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its position in S&P Global by 10.0% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,619 shares of the business services provider’s stock worth $2,060,000 after acquiring an additional 420 shares during the period. Mcdonald Partners LLC grew its stake in S&P Global by 3.3% during the 2nd quarter. Mcdonald Partners LLC now owns 2,017 shares of the business services provider’s stock valued at $900,000 after acquiring an additional 65 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC increased its holdings in shares of S&P Global by 3.9% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 850 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 32 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Stock Performance

SPGI traded down $1.87 on Friday, hitting $491.06. The company had a trading volume of 1,012,829 shares, compared to its average volume of 1,242,893. The stock has a market cap of $153.65 billion, a price-to-earnings ratio of 55.05, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.92. The company’s fifty day moving average price is $465.40 and its 200 day moving average price is $441.41. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $502.95.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same period in the previous year, the company earned $3.12 earnings per share. S&P Global’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts predict that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio is currently 40.81%.

Analysts Set New Price Targets

Several research firms recently commented on SPGI. Bank of America raised their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley boosted their price target on shares of S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. JPMorgan Chase & Co. increased their price objective on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer raised their price target on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $530.75.

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 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.