Crewe Advisors LLC trimmed its position in S&P Global Inc (NYSE:SPGI) by 80.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 300 shares of the business services provider’s stock after selling 1,231 shares during the period. Crewe Advisors LLC’s holdings in S&P Global were worth $73,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new position in shares of S&P Global during the second quarter worth $25,000. River & Mercantile Asset Management LLP acquired a new position in S&P Global in the second quarter valued at $25,000. Julex Capital Management LLC acquired a new position in S&P Global in the third quarter valued at $25,000. Coastal Investment Advisors Inc. boosted its stake in S&P Global by 409.1% in the second quarter. Coastal Investment Advisors Inc. now owns 112 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 90 shares in the last quarter. Finally, Coastal Capital Group Inc. acquired a new position in S&P Global in the second quarter valued at $27,000. 82.61% of the stock is currently owned by institutional investors and hedge funds.
S&P Global stock traded up $4.46 during midday trading on Wednesday, hitting $268.46. 1,001,610 shares of the stock were exchanged, compared to its average volume of 1,195,723. The firm has a market cap of $65.61 billion, a P/E ratio of 31.58, a P/E/G ratio of 2.82 and a beta of 1.06. The company has a debt-to-equity ratio of 8.91, a current ratio of 1.10 and a quick ratio of 1.10. S&P Global Inc has a 1 year low of $156.68 and a 1 year high of $272.65. The company has a 50 day moving average price of $257.78 and a two-hundred day moving average price of $245.33.
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. This represents a $2.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.
In other S&P Global news, CTO Nicholas Cafferillo sold 3,219 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $257.90, for a total transaction of $830,180.10. Following the sale, the chief technology officer now directly owns 2,707 shares in the company, valued at approximately $698,135.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alexander Matturri, Jr. sold 1,098 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $262.10, for a total transaction of $287,785.80. Following the sale, the chief executive officer now owns 20,465 shares in the company, valued at $5,363,876.50. The disclosure for this sale can be found here. Insiders sold a total of 6,077 shares of company stock valued at $1,565,992 over the last ninety days. Company insiders own 0.20% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of S&P Global from $262.00 to $257.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of S&P Global to $266.00 in a report on Wednesday, October 30th. ValuEngine lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Atlantic Securities lowered shares of S&P Global from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $220.00 to $260.00 in a research report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $264.83.
S&P Global Company Profile
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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