Massachusetts Financial Services Co. MA Has $93.91 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Massachusetts Financial Services Co. MA cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,564 shares of the business services provider’s stock after selling 3,349 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.07% of S&P Global worth $93,912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Gilbert & Cook Inc. raised its stake in shares of S&P Global by 7.8% during the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock worth $507,000 after purchasing an additional 83 shares in the last quarter. Aveo Capital Partners LLC purchased a new stake in shares of S&P Global during the 4th quarter worth about $215,000. 9258 Wealth Management LLC raised its stake in shares of S&P Global by 30.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock worth $774,000 after purchasing an additional 410 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in shares of S&P Global by 75.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock worth $1,018,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its stake in shares of S&P Global by 13.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 936 shares of the business services provider’s stock worth $412,000 after purchasing an additional 109 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Barclays raised their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Bank of America raised their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Morgan Stanley raised their price objective on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Finally, Stifel Nicolaus raised their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $548.18.

S&P Global Stock Down 0.5 %

Shares of SPGI stock opened at $519.65 on Thursday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02. The firm has a market cap of $162.60 billion, a PE ratio of 58.26, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. The stock has a 50 day moving average of $497.23 and a 200-day moving average of $453.74. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period in the previous year, the company earned $3.12 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.91 per share. The ex-dividend date was Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.