Banco Santander S.A. lowered its stake in S&P Global Inc. (NYSE:SPGI – Get Rating) by 30.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,553 shares of the business services provider’s stock after selling 8,551 shares during the period. Banco Santander S.A.’s holdings in S&P Global were worth $8,020,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new stake in shares of S&P Global during the 4th quarter valued at $14,642,000. FDx Advisors Inc. boosted its stake in shares of S&P Global by 19.1% during the fourth quarter. FDx Advisors Inc. now owns 3,408 shares of the business services provider’s stock valued at $1,608,000 after purchasing an additional 546 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter worth about $28,000. Oppenheimer & Co. Inc. increased its stake in shares of S&P Global by 134.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,740 shares of the business services provider’s stock valued at $1,765,000 after buying an additional 2,144 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in S&P Global by 4.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,177 shares of the business services provider’s stock valued at $3,387,000 after buying an additional 304 shares during the last quarter. Institutional investors own 94.26% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Dimitra Manis sold 2,000 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $336.53, for a total transaction of $673,060.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $1,628,468.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Dimitra Manis sold 2,000 shares of S&P Global stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $336.53, for a total transaction of $673,060.00. Following the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at $1,628,468.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nancy Luquette sold 3,200 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the sale, the executive vice president now directly owns 2,467 shares of the company’s stock, valued at $906,597.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,487 shares of company stock worth $2,612,291. Insiders own 0.10% of the company’s stock.
S&P Global Price Performance
S&P Global (NYSE:SPGI – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.12). S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company posted $3.62 earnings per share. The firm’s quarterly revenue was up 42.1% compared to the same quarter last year. Equities research analysts anticipate that S&P Global Inc. will post 11.49 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 26th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, August 25th. This represents a $3.40 dividend on an annualized basis and a yield of 0.90%. S&P Global’s dividend payout ratio (DPR) is presently 25.34%.
Analyst Ratings Changes
SPGI has been the subject of several recent research reports. BMO Capital Markets decreased their price target on shares of S&P Global from $433.00 to $365.00 in a research report on Thursday, June 2nd. Credit Suisse Group lowered their target price on S&P Global from $495.00 to $425.00 in a research report on Wednesday, May 4th. Redburn Partners assumed coverage on S&P Global in a research note on Tuesday, May 17th. They issued a “buy” rating for the company. Raymond James lowered their price objective on S&P Global from $462.00 to $417.00 and set an “outperform” rating for the company in a research report on Tuesday, July 12th. Finally, Barclays decreased their target price on shares of S&P Global from $450.00 to $385.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $422.00.
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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.
- Get a free copy of the StockNews.com research report on S&P Global (SPGI)
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