Livforsakringsbolaget Skandia Omsesidigt Has $357,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 77.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 810 shares of the business services provider’s stock after purchasing an additional 353 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in S&P Global were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. BCK Partners Inc. acquired a new position in S&P Global in the 1st quarter valued at approximately $1,969,000. Markel Corp increased its position in S&P Global by 0.8% in the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock valued at $61,441,000 after acquiring an additional 1,250 shares during the period. Synovus Financial Corp boosted its stake in shares of S&P Global by 1.6% in the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 36 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of S&P Global by 115.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of S&P Global by 12.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 81 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Up 0.3 %

S&P Global stock opened at $413.39 on Thursday. S&P Global Inc. has a 1-year low of $338.92 and a 1-year high of $461.16. The firm has a market capitalization of $132.39 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The firm’s fifty day moving average price is $425.70 and its two-hundred day moving average price is $415.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.54 EPS. On average, equities research analysts predict that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is 44.23%.

Analysts Set New Price Targets

A number of research firms have recently commented on SPGI. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. BMO Capital Markets increased their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Barclays increased their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $464.22.

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.