Banco Santander S.A. lessened its position in S&P Global Inc (NYSE:SPGI) by 24.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,704 shares of the business services provider’s stock after selling 10,398 shares during the period. Banco Santander S.A.’s holdings in S&P Global were worth $6,675,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its holdings in S&P Global by 1.0% in the third quarter. Vanguard Group Inc now owns 20,446,977 shares of the business services provider’s stock worth $3,995,135,000 after purchasing an additional 195,642 shares during the last quarter. ETF Managers Group LLC grew its holdings in S&P Global by 18.5% in the fourth quarter. ETF Managers Group LLC now owns 698 shares of the business services provider’s stock worth $119,000 after purchasing an additional 109 shares during the last quarter. BB&T Securities LLC grew its holdings in S&P Global by 32.1% in the fourth quarter. BB&T Securities LLC now owns 10,178 shares of the business services provider’s stock worth $1,729,000 after purchasing an additional 2,474 shares during the last quarter. Round Table Services LLC purchased a new position in S&P Global in the fourth quarter worth $247,000. Finally, Financial Gravity Companies Inc. purchased a new position in S&P Global in the fourth quarter worth $60,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $211.01, for a total value of $1,266,060.00. Following the sale, the chief executive officer now directly owns 173,431 shares of the company’s stock, valued at $36,595,675.31. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Nancy Luquette sold 2,200 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $216.85, for a total transaction of $477,070.00. Following the completion of the sale, the senior vice president now directly owns 2,340 shares in the company, valued at $507,429. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,305 shares of company stock worth $4,360,975. 0.20% of the stock is owned by corporate insiders.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a net margin of 29.99% and a return on equity of 325.28%. S&P Global’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $2.00 earnings per share. On average, analysts anticipate that S&P Global Inc will post 9.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s payout ratio is 26.82%.
Several equities analysts have issued reports on the stock. Morgan Stanley set a $223.00 price target on shares of S&P Global and gave the stock a “hold” rating in a report on Thursday, June 13th. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Raymond James lifted their price target on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. UBS Group boosted their price objective on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, Piper Jaffray Companies boosted their price objective on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. S&P Global has an average rating of “Buy” and an average price target of $217.27.
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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