Xact Kapitalforvaltning AB increased its stake in S&P Global Inc (NYSE:SPGI) by 5.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,748 shares of the business services provider’s stock after purchasing an additional 2,702 shares during the period. Xact Kapitalforvaltning AB’s holdings in S&P Global were worth $11,317,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPGI. We Are One Seven LLC bought a new position in S&P Global in the 4th quarter worth approximately $28,000. Harvest Group Wealth Management LLC bought a new stake in shares of S&P Global during the 1st quarter valued at $28,000. Sontag Advisory LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $31,000. Oregon Public Employees Retirement Fund raised its position in shares of S&P Global by 7,358.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 5,345,720 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in shares of S&P Global by 220.0% during the 1st quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.

In other news, CEO Alexander Matturri, Jr. sold 1,790 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total value of $368,525.20. Following the completion of the transaction, the chief executive officer now owns 19,478 shares of the company’s stock, valued at approximately $4,010,130.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $198.02, for a total transaction of $354,653.82. Following the completion of the transaction, the chief executive officer now directly owns 19,466 shares of the company’s stock, valued at approximately $3,854,657.32. The disclosure for this sale can be found here. Insiders sold a total of 23,886 shares of company stock valued at $5,084,154 in the last three months. 0.20% of the stock is owned by company insiders.

Several brokerages have commented on SPGI. UBS Group upgraded shares of S&P Global from a “neutral” rating to a “buy” rating and upped their target price for the company from $228.00 to $252.00 in a research report on Tuesday, May 21st. Raymond James upped their target price on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Piper Jaffray Companies upped their target price on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Morgan Stanley set a $226.00 target price on shares of S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $217.55.

Shares of S&P Global stock traded down $0.69 on Monday, hitting $213.19. 9,578 shares of the company’s stock traded hands, compared to its average volume of 1,151,051. The stock has a market capitalization of $52.66 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.72 and a beta of 1.10. S&P Global Inc has a one year low of $156.68 and a one year high of $222.00. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.20 and a current ratio of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.01). S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the firm earned $2.00 EPS. S&P Global’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts forecast that S&P Global Inc will post 9.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is 26.82%.

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S&P Global 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).

Further Reading: What is a good rate of return for a mutual fund?

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

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