Bedrijfstakpensioenfonds Voor DE Media PNO Grows Stock Position in S&P Global Inc (NYSE:SPGI)

Bedrijfstakpensioenfonds Voor DE Media PNO increased its position in shares of S&P Global Inc (NYSE:SPGI) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,500 shares of the business services provider’s stock after buying an additional 8,500 shares during the quarter. S&P Global comprises approximately 3.0% of Bedrijfstakpensioenfonds Voor DE Media PNO’s portfolio, making the stock its 12th largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in S&P Global were worth $17,640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp raised its holdings in shares of S&P Global by 91.1% in the 2nd quarter. Van ECK Associates Corp now owns 5,996 shares of the business services provider’s stock valued at $1,366,000 after buying an additional 2,859 shares during the period. Greenleaf Trust boosted its stake in shares of S&P Global by 3.9% in the 2nd quarter. Greenleaf Trust now owns 2,823 shares of the business services provider’s stock valued at $643,000 after buying an additional 106 shares during the period. BlackRock Inc. boosted its stake in shares of S&P Global by 2.1% in the 2nd quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock valued at $3,805,622,000 after buying an additional 339,310 shares during the period. AustralianSuper Pty Ltd grew its position in shares of S&P Global by 160.9% during the second quarter. AustralianSuper Pty Ltd now owns 272,426 shares of the business services provider’s stock worth $62,056,000 after buying an additional 168,027 shares in the last quarter. Finally, Investec Asset Management North America Inc. grew its position in shares of S&P Global by 44.6% during the second quarter. Investec Asset Management North America Inc. now owns 19,572 shares of the business services provider’s stock worth $4,458,000 after buying an additional 6,037 shares in the last quarter. Hedge funds and other institutional investors own 82.61% of the company’s stock.

Several research firms recently commented on SPGI. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Wednesday, October 30th. Morgan Stanley dropped their price objective on S&P Global from $262.00 to $257.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. ValuEngine lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Jefferies Financial Group initiated coverage on S&P Global in a report on Thursday, November 21st. They issued a “buy” rating and a $298.00 price target for the company. Finally, Edward Jones initiated coverage on S&P Global in a report on Wednesday, September 11th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. S&P Global presently has a consensus rating of “Buy” and a consensus price target of $264.83.

Shares of NYSE:SPGI traded down $0.16 on Tuesday, reaching $262.03. 11,954 shares of the company were exchanged, compared to its average volume of 1,001,753. The company has a 50-day moving average of $257.24 and a 200-day moving average of $244.81. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.91. The firm has a market cap of $64.06 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 2.82 and a beta of 1.06. S&P Global Inc has a 1-year low of $156.68 and a 1-year high of $272.65.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.12. S&P Global had a net margin of 32.22% and a return on equity of 448.14%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc will post 9.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, November 25th. This represents a $2.28 annualized dividend and a yield of 0.87%. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.

In other news, CFO Ewout L. Steenbergen sold 1,760 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $254.56, for a total transaction of $448,025.60. Following the completion of the sale, the chief financial officer now owns 8,534 shares in the company, valued at approximately $2,172,415.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $262.10, for a total transaction of $287,785.80. Following the sale, the chief executive officer now owns 20,465 shares of the company’s stock, valued at $5,363,876.50. The disclosure for this sale can be found here. Insiders have sold 6,077 shares of company stock worth $1,565,992 over the last quarter. 0.20% of the stock is currently owned by company insiders.

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

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