Neuberger Berman Group LLC Purchases 106,731 Shares of S&P Global Inc (NYSE:SPGI)
Neuberger Berman Group LLC grew its position in shares of S&P Global Inc (NYSE:SPGI) by 55.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,499 shares of the business services provider’s stock after purchasing an additional 106,731 shares during the quarter. Neuberger Berman Group LLC’s holdings in S&P Global were worth $63,060,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Confluence Wealth Management LLC increased its position in S&P Global by 46.3% during the 1st quarter. Confluence Wealth Management LLC now owns 1,722 shares of the business services provider’s stock valued at $363,000 after buying an additional 545 shares in the last quarter. Institutional & Family Asset Management LLC purchased a new position in S&P Global during the first quarter valued at $82,000. Northern Trust Corp lifted its position in S&P Global by 0.4% during the first quarter. Northern Trust Corp now owns 3,108,165 shares of the business services provider’s stock valued at $654,425,000 after purchasing an additional 12,880 shares in the last quarter. FIL Ltd lifted its position in S&P Global by 4.8% during the first quarter. FIL Ltd now owns 768,301 shares of the business services provider’s stock valued at $161,766,000 after purchasing an additional 35,372 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of S&P Global by 2.0% in the first quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock valued at $887,238,000 after acquiring an additional 80,700 shares in the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.
Shares of NYSE:SPGI traded down $0.36 during trading hours on Wednesday, hitting $222.33. 14,970 shares of the company’s stock traded hands, compared to its average volume of 1,217,206. S&P Global Inc has a 1 year low of $156.68 and a 1 year high of $229.00. The firm has a market capitalization of $56.07 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.20 and a quick ratio of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $2.28 annualized dividend and a dividend yield of 1.03%. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Piper Jaffray Companies boosted their price objective on S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Raymond James boosted their price objective on S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. UBS Group boosted their target price on S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Finally, Morgan Stanley set a $226.00 target price on S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. S&P Global presently has a consensus rating of “Buy” and an average price target of $218.09.
In related news, SVP Nancy Luquette sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total value of $477,070.00. Following the completion of the sale, the senior vice president now owns 2,340 shares in the company, valued at $507,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total value of $368,525.20. Following the completion of the sale, the chief executive officer now owns 19,478 shares of the company’s stock, valued at approximately $4,010,130.64. The disclosure for this sale can be found here. Insiders sold 22,095 shares of company stock valued at $4,729,500 in the last quarter. 0.20% of the stock is owned by company insiders.
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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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