Hartford Investment Management Co. Sells 772 Shares of S&P Global Inc. (NYSE:SPGI)

Hartford Investment Management Co. lessened its holdings in S&P Global Inc. (NYSE:SPGIFree Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,834 shares of the business services provider’s stock after selling 772 shares during the period. Hartford Investment Management Co.’s holdings in S&P Global were worth $9,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BCK Partners Inc. purchased a new stake in S&P Global during the 1st quarter valued at about $1,969,000. Markel Corp grew its stake in shares of S&P Global by 0.8% in the first quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock worth $61,441,000 after purchasing an additional 1,250 shares during the last quarter. Synovus Financial Corp increased its holdings in S&P Global by 1.6% during the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 36 shares during the period. Sequoia Financial Advisors LLC raised its position in S&P Global by 115.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in S&P Global by 12.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock worth $302,000 after buying an additional 81 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPGI. Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Finally, Raymond James raised their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $464.22.

Read Our Latest Report on SPGI

Insider Transactions at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

S&P Global Trading Down 0.1 %

Shares of S&P Global stock traded down $0.35 on Wednesday, hitting $425.76. 335,547 shares of the company traded hands, compared to its average volume of 1,338,116. The stock’s 50 day moving average price is $432.10 and its 200-day moving average price is $411.79. The company has a market cap of $136.35 billion, a PE ratio of 51.79, a PEG ratio of 2.44 and a beta of 1.15. S&P Global Inc. has a 52 week low of $329.46 and a 52 week high of $461.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGIGet Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.54 earnings per share. Equities research analysts predict that S&P Global Inc. will post 14 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were given a $0.91 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is presently 44.23%.

S&P Global Company Profile

(Free Report)

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, and S&P Dow Jones Indices segments.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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