S&P Global Inc. (SPGI) Stake Held by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. held its position in S&P Global Inc. (NYSE:SPGI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,059 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in S&P Global were worth $1,779,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC increased its stake in shares of S&P Global by 219.1% in the third quarter. Global X Management Co. LLC now owns 986 shares of the company’s stock worth $125,000 after buying an additional 677 shares during the period. Jacobus Wealth Management Inc. purchased a new stake in shares of S&P Global during the second quarter worth approximately $107,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of S&P Global during the second quarter worth approximately $113,000. IMS Capital Management purchased a new stake in shares of S&P Global during the third quarter worth approximately $139,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in shares of S&P Global during the second quarter worth approximately $129,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.
Shares of S&P Global Inc. (NYSE:SPGI) traded up 1.02% on Tuesday, reaching $119.61. 1,696,344 shares of the company’s stock were exchanged. The company has a market capitalization of $30.99 billion, a P/E ratio of 17.64 and a beta of 1.50. S&P Global Inc. has a 12 month low of $78.55 and a 12 month high of $128.40. The firm’s 50 day moving average price is $122.79 and its 200-day moving average price is $118.06.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.09. S&P Global had a net margin of 32.24% and a return on equity of 378.19%. The company earned $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company earned $1.19 EPS. S&P Global’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that S&P Global Inc. will post $5.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, November 23rd. S&P Global’s payout ratio is 21.15%.
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A number of equities research analysts have recently commented on SPGI shares. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Thursday, November 17th. Cantor Fitzgerald reissued a “buy” rating on shares of S&P Global in a research report on Friday, August 19th. Barclays PLC raised their target price on shares of S&P Global from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. Credit Suisse Group AG reissued an “outperform” rating and issued a $131.00 target price on shares of S&P Global in a research report on Sunday, November 20th. Finally, Argus raised their target price on shares of S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $131.86.
In other S&P Global news, SVP Nancy Luquette sold 500 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the sale, the senior vice president now owns 133 shares in the company, valued at approximately $16,369.64. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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