E. Ohman J or Asset Management AB Sells 640 Shares of S&P Global Inc. (NYSE:SPGI)

E. Ohman J or Asset Management AB lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 large investors have also added to or reduced their stakes in SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings 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 acquiring an additional 2,962 shares in the last quarter. AAFMAA Wealth Management & Trust LLC purchased a new position in shares of S&P Global during the 1st quarter valued at approximately $1,222,000. Quadrature Capital Ltd acquired a new position in shares of S&P Global in the first quarter worth about $2,236,000. New Mexico Educational Retirement Board increased its stake in shares of S&P Global by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock valued at $8,444,000 after purchasing an additional 3,500 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in S&P Global by 21.6% in 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 purchasing an additional 6,162 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SPGI. Wells Fargo & Company upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Bank of America boosted their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Barclays raised their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $565.17.

S&P Global Stock Down 3.5 %

SPGI stock opened at $493.10 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. The stock has a market capitalization of $154.29 billion, a PE ratio of 55.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company has a fifty day moving average of $513.82 and a 200-day moving average of $470.01.

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

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. S&P Global’s payout ratio is 40.81%.

Insiders Place Their Bets

In related news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction on 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 owns 154,912 shares in the company, valued at approximately $74,915,443.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 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 in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last three months. 0.10% of the stock is owned by insiders.

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.