Vise Technologies Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,933 shares of the business services provider’s stock after acquiring an additional 1,377 shares during the quarter. Vise Technologies Inc.’s holdings in S&P Global were worth $4,145,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of SPGI. Joseph Group Capital Management acquired a new position in S&P Global during the 4th quarter worth $29,000. North Star Investment Management Corp. lifted its holdings in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares in the last quarter. Palisade Asset Management LLC acquired a new position in S&P Global during the 3rd quarter worth $36,000. Ameriflex Group Inc. lifted its holdings in S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after buying an additional 48 shares in the last quarter. Finally, Ares Financial Consulting LLC acquired a new position in S&P Global during the 4th quarter worth $40,000. 87.17% of the stock is owned by institutional investors and hedge funds.
S&P Global Stock Performance
Shares of S&P Global stock opened at $425.16 on Friday. The firm has a fifty day moving average of $424.53 and a two-hundred day moving average of $461.38. The stock has a market capitalization of $125.85 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.79 and a beta of 1.08. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68.
S&P Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, May 29th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 24.56%.
Insider Buying and Selling at S&P Global
In other news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 5,974 shares of company stock worth $2,576,775. Insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
SPGI has been the topic of several research reports. Bank of America initiated coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective on the stock. Stifel Nicolaus reduced their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. Jefferies Financial Group upped their price objective on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Evercore reduced their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Seventeen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $546.39.
Read Our Latest Report on SPGI
S&P Global Company Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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