Sompo Asset Management Co. Ltd. Has $5.51 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Sompo Asset Management Co. Ltd. reduced its position in S&P Global Inc. (NYSE:SPGI) by 23.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,363 shares of the business services provider’s stock after selling 3,700 shares during the period. S&P Global accounts for approximately 0.9% of Sompo Asset Management Co. Ltd.’s investment portfolio, making the stock its 25th largest holding. Sompo Asset Management Co. Ltd.’s holdings in S&P Global were worth $5,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sapient Capital LLC raised its holdings in S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares during the last quarter. Chatham Capital Group Inc. boosted its stake in S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after acquiring an additional 21 shares during the last quarter. D.B. Root & Company LLC grew its holdings in S&P Global by 2.4% during the 2nd quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after acquiring an additional 22 shares during the period. Modera Wealth Management LLC raised its position in shares of S&P Global by 2.3% during the 2nd quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 22 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of S&P Global by 1.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 22 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Oppenheimer upped their price objective on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Bank of America increased their target price on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus boosted their price target on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global Stock Performance

Shares of SPGI opened at $523.72 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02. The firm has a fifty day simple moving average of $499.16 and a 200 day simple moving average of $454.91. The stock has a market capitalization of $163.87 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.12 earnings per share. Research analysts forecast that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. S&P Global’s dividend payout ratio is presently 40.81%.

S&P Global Company Profile

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.