Tesco Pension Investment Ltd Acquires 51,862 Shares of S&P Global Inc (SPGI)

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Tesco Pension Investment Ltd raised its holdings in S&P Global Inc (NYSE:SPGI) by 24.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,169 shares of the business services provider’s stock after purchasing an additional 51,862 shares during the period. S&P Global accounts for approximately 1.4% of Tesco Pension Investment Ltd’s portfolio, making the stock its 27th largest holding. Tesco Pension Investment Ltd’s holdings in S&P Global were worth $56,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CAPROCK Group Inc. lifted its stake in shares of S&P Global by 17.1% during the first quarter. CAPROCK Group Inc. now owns 1,620 shares of the business services provider’s stock valued at $341,000 after buying an additional 236 shares during the period. Nordea Investment Management AB lifted its stake in shares of S&P Global by 3.3% during the fourth quarter. Nordea Investment Management AB now owns 409,183 shares of the business services provider’s stock valued at $69,538,000 after buying an additional 12,882 shares during the period. Legal & General Group Plc lifted its stake in shares of S&P Global by 9.1% during the fourth quarter. Legal & General Group Plc now owns 1,291,174 shares of the business services provider’s stock valued at $219,379,000 after buying an additional 107,927 shares during the period. Bbva Compass Bancshares Inc. lifted its stake in shares of S&P Global by 3.4% during the first quarter. Bbva Compass Bancshares Inc. now owns 4,903 shares of the business services provider’s stock valued at $1,032,000 after buying an additional 163 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of S&P Global by 11.1% during the first quarter. Quadrant Capital Group LLC now owns 1,611 shares of the business services provider’s stock valued at $327,000 after buying an additional 161 shares during the period. 83.80% of the stock is currently owned by institutional investors.

In other news, CEO Alexander Matturri, Jr. sold 1,790 shares of the stock in a transaction 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 $4,010,130.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John L. Berisford sold 9,669 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the completion of the sale, the insider now directly owns 26,344 shares of the company’s stock, valued at approximately $5,327,283.68. The disclosure for this sale can be found here. Insiders sold 33,555 shares of company stock valued at $7,039,419 in the last three months. Company insiders own 0.20% of the company’s stock.

Several brokerages recently issued reports on SPGI. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Morgan Stanley set a $226.00 price target on shares of S&P Global and gave the stock a “hold” rating in a research report on Friday, May 3rd. Raymond James upped their price target on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. UBS Group upped their price target on shares of S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Finally, Piper Jaffray Companies upped their price target on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research 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. The company currently has an average rating of “Buy” and an average target price of $217.55.

SPGI stock traded up $3.33 on Tuesday, hitting $215.16. 642,873 shares of the company were exchanged, compared to its average volume of 1,233,381. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $222.00. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $52.43 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company posted $2.00 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts forecast that S&P Global Inc will post 9.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is 26.82%.

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S&P Global Company Profile

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

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