Investors Buy Shares of S&P Global (SPGI) on Weakness
Traders bought shares of S&P Global Inc. (NYSE:SPGI) on weakness during trading hours on Wednesday. $75.55 million flowed into the stock on the tick-up and $37.72 million flowed out of the stock on the tick-down, for a money net flow of $37.83 million into the stock. Of all companies tracked, S&P Global had the 26th highest net in-flow for the day. S&P Global traded down ($1.99) for the day and closed at $170.01
SPGI has been the topic of a number of analyst reports. BidaskClub lowered S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Thursday, September 21st. BMO Capital Markets restated a “buy” rating and set a $177.00 target price on shares of S&P Global in a research report on Friday, October 13th. Cantor Fitzgerald restated a “buy” rating and set a $177.00 target price on shares of S&P Global in a research report on Thursday, October 26th. Finally, UBS boosted their target price on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $170.17.
The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $43,582.05, a price-to-earnings ratio of 27.00, a PEG ratio of 2.06 and a beta of 1.51.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, November 27th. S&P Global’s dividend payout ratio (DPR) is presently 24.08%.
In other S&P Global news, EVP Courtney Geduldig sold 1,596 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $156.50, for a total transaction of $249,774.00. Following the completion of the transaction, the executive vice president now owns 2,663 shares of the company’s stock, valued at approximately $416,759.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the transaction, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. In the last three months, insiders sold 7,000 shares of company stock valued at $1,104,704. 0.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brookstone Capital Management grew its stake in shares of S&P Global by 1.0% in the 2nd quarter. Brookstone Capital Management now owns 5,447 shares of the business services provider’s stock worth $795,000 after buying an additional 56 shares during the last quarter. Advisor Group Inc. raised its holdings in S&P Global by 4.2% in the 2nd quarter. Advisor Group Inc. now owns 1,782 shares of the business services provider’s stock worth $260,000 after purchasing an additional 72 shares during the period. Parallel Advisors LLC raised its holdings in S&P Global by 8.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after purchasing an additional 86 shares during the period. Scotia Capital Inc. raised its holdings in S&P Global by 1.1% in the 2nd quarter. Scotia Capital Inc. now owns 9,003 shares of the business services provider’s stock worth $1,314,000 after purchasing an additional 99 shares during the period. Finally, Sii Investments Inc. WI raised its holdings in S&P Global by 4.8% in the 2nd quarter. Sii Investments Inc. WI now owns 2,200 shares of the business services provider’s stock worth $322,000 after purchasing an additional 100 shares during the period. 84.95% of the stock is owned by institutional investors and hedge funds.
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About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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