S&P Global Inc (SPGI) Shares Sold by Ardevora Asset Management LLP

Ardevora Asset Management LLP lessened its stake in shares of S&P Global Inc (NYSE:SPGI) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 129,626 shares of the business services provider’s stock after selling 3,600 shares during the quarter. Ardevora Asset Management LLP’s holdings in S&P Global were worth $25,328,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC boosted its stake in S&P Global by 6.4% during the second quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock worth $2,181,285,000 after buying an additional 642,229 shares during the period. Edgewood Management LLC boosted its stake in S&P Global by 1.7% during the second quarter. Edgewood Management LLC now owns 6,456,118 shares of the business services provider’s stock worth $1,316,338,000 after buying an additional 110,924 shares during the period. Mawer Investment Management Ltd. boosted its stake in S&P Global by 0.8% during the second quarter. Mawer Investment Management Ltd. now owns 1,866,387 shares of the business services provider’s stock worth $380,538,000 after buying an additional 14,358 shares during the period. Renaissance Technologies LLC boosted its stake in S&P Global by 29.5% during the second quarter. Renaissance Technologies LLC now owns 1,677,100 shares of the business services provider’s stock worth $341,944,000 after buying an additional 382,000 shares during the period. Finally, Bank of Montreal Can boosted its stake in S&P Global by 21.4% during the third quarter. Bank of Montreal Can now owns 1,551,747 shares of the business services provider’s stock worth $303,197,000 after buying an additional 273,446 shares during the period. 84.00% of the stock is owned by institutional investors.

SPGI has been the topic of several research reports. Morgan Stanley increased their price target on shares of S&P Global from $214.00 to $217.00 and gave the stock a “$214.26” rating in a research report on Wednesday, July 18th. UBS Group reduced their price target on shares of S&P Global from $242.00 to $241.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. ValuEngine cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Finally, Stifel Nicolaus increased their price target on shares of S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $206.69.



In related news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Nancy Luquette sold 350 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $203.35, for a total transaction of $71,172.50. Following the completion of the sale, the senior vice president now directly owns 531 shares in the company, valued at approximately $107,978.85. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Shares of SPGI opened at $182.32 on Thursday. The stock has a market cap of $43.01 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.41 and a beta of 1.19. S&P Global Inc has a 1 year low of $153.25 and a 1 year high of $217.31. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.27 and a current ratio of 1.44.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.10. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. As a group, analysts predict that S&P Global Inc will post 8.52 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 annualized dividend and a yield of 1.10%. S&P Global’s dividend payout ratio (DPR) is 29.03%.

S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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