S&P Global Inc. (NYSE:SPGI) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,725 shares of the business services provider’s stock after purchasing an additional 6,506 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of S&P Global worth $80,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $26,000. Sachetta LLC grew its holdings in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in S&P Global in the 2nd quarter valued at approximately $31,000. First Pacific Financial raised its stake in S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in S&P Global during the 4th quarter worth $36,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.9 %

S&P Global stock opened at $524.32 on Friday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market cap of $164.06 billion, a P/E ratio of 58.78, a P/E/G ratio of 2.68 and a beta of 1.17. The company’s fifty day simple moving average is $498.25 and its 200-day simple moving average is $454.23.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.12 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.69%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SPGI. Oppenheimer upped their price target on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets increased their price target on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays raised their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $548.18.

Insider Activity

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the transaction, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

S&P Global 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.