San Francisco Sentry Investment Group CA Purchases 80 Shares of S&P Global Inc (NYSE:SPGI)

San Francisco Sentry Investment Group CA grew its holdings in S&P Global Inc (NYSE:SPGI) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,241 shares of the business services provider’s stock after acquiring an additional 80 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in S&P Global were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Vanguard Group Inc. increased its position in shares of S&P Global by 0.9% during the second quarter. Vanguard Group Inc. now owns 20,916,210 shares of the business services provider’s stock worth $4,764,503,000 after purchasing an additional 193,682 shares in the last quarter. BlackRock Inc. increased its position in shares of S&P Global by 2.1% during the second quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock worth $3,805,622,000 after purchasing an additional 339,310 shares in the last quarter. Edgewood Management LLC boosted its stake in S&P Global by 0.3% during the second quarter. Edgewood Management LLC now owns 6,451,886 shares of the business services provider’s stock worth $1,469,675,000 after buying an additional 20,045 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in S&P Global by 43,397.5% during the second quarter. Nuveen Asset Management LLC now owns 2,953,477 shares of the business services provider’s stock worth $672,772,000 after buying an additional 2,946,687 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in S&P Global by 10.7% during the second quarter. Bank of New York Mellon Corp now owns 2,535,233 shares of the business services provider’s stock worth $577,501,000 after buying an additional 244,070 shares during the last quarter. 82.69% of the stock is owned by institutional investors and hedge funds.

NYSE SPGI traded down $0.29 during trading hours on Friday, hitting $255.30. 636,582 shares of the company were exchanged, compared to its average volume of 1,201,194. S&P Global Inc has a 52-week low of $156.68 and a 52-week high of $269.57. The firm has a market cap of $61.39 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.68 and a beta of 1.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.91. The company has a 50 day moving average of $250.42 and a two-hundred day moving average of $239.49.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.12. S&P Global had a return on equity of 448.14% and a net margin of 32.22%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts predict that S&P Global Inc will post 9.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.57 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.28 annualized dividend and a dividend yield of 0.89%. S&P Global’s dividend payout ratio is currently 26.82%.

A number of research firms have weighed in on SPGI. Morgan Stanley boosted their price objective on S&P Global from $257.00 to $271.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. ValuEngine lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Cantor Fitzgerald upped their price target on S&P Global from $244.00 to $294.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Argus upped their price target on S&P Global to $290.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, UBS Group upped their price target on S&P Global from $301.00 to $314.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $264.42.

In related news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $254.46, for a total value of $256,241.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Nicholas Cafferillo sold 3,219 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $257.90, for a total value of $830,180.10. Following the completion of the transaction, the chief technology officer now directly owns 2,707 shares of the company’s stock, valued at $698,135.30. The disclosure for this sale can be found here. Insiders sold a total of 11,986 shares of company stock valued at $3,063,427 over the last three months. Insiders own 0.20% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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