Sentry Investment Management LLC Acquires 598 Shares of S&P Global Inc. (NYSE:SPGI)

Sentry Investment Management LLC raised its position in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,976 shares of the business services provider’s stock after purchasing an additional 598 shares during the period. Sentry Investment Management LLC’s holdings in S&P Global were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. bought a new stake in shares of S&P Global during the 4th quarter valued at $25,000. Wolff Wiese Magana LLC bought a new position in shares of S&P Global during the 1st quarter valued at about $25,000. Carolinas Wealth Consulting LLC raised its holdings in shares of S&P Global by 714.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC boosted its stake in S&P Global by 273.7% in the first quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock worth $29,000 after buying an additional 52 shares in the last quarter. Finally, Column Capital Advisors LLC grew its holdings in shares of S&P Global by 7,700.0% during the 1st quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SPGI shares. Credit Suisse Group decreased their price objective on S&P Global from $495.00 to $425.00 in a report on Wednesday, May 4th. Morgan Stanley decreased their price objective on shares of S&P Global from $398.00 to $390.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. BMO Capital Markets dropped their target price on shares of S&P Global from $433.00 to $365.00 in a report on Thursday, June 2nd. Raymond James reduced their target price on S&P Global from $462.00 to $417.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. Finally, Jefferies Financial Group reduced their price objective on shares of S&P Global from $440.00 to $416.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.00.

Insider Buying and Selling at S&P Global

In related news, EVP Dimitra Manis sold 2,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $336.53, for a total value of $673,060.00. Following the sale, the executive vice president now directly owns 4,839 shares in the company, valued at $1,628,468.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas L. Peterson sold 7,500 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $377.13, for a total value of $2,828,475.00. Following the sale, the chief executive officer now directly owns 174,890 shares in the company, valued at approximately $65,956,265.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dimitra Manis sold 2,000 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $336.53, for a total transaction of $673,060.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $1,628,468.67. The disclosure for this sale can be found here. Insiders sold a total of 28,437 shares of company stock valued at $10,425,202 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

SPGI stock traded down $3.15 on Tuesday, hitting $374.97. The company had a trading volume of 12,592 shares, compared to its average volume of 1,738,582. The stock’s 50-day simple moving average is $346.13 and its 200 day simple moving average is $371.36. The stock has a market cap of $125.05 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 2.73 and a beta of 1.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.27. S&P Global Inc. has a 12-month low of $311.87 and a 12-month high of $484.21.

S&P Global (NYSE:SPGIGet Rating) last announced its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.12). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3 billion. S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The company’s revenue for the quarter was up 42.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.62 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 11.49 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 25th. S&P Global’s dividend payout ratio is currently 25.34%.

S&P Global Profile

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

See Also

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

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