Huntington National Bank Has $13.32 Million Stake in S&P Global Inc (NYSE:SPGI)
Huntington National Bank decreased its holdings in shares of S&P Global Inc (NYSE:SPGI) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,422 shares of the business services provider’s stock after selling 1,616 shares during the quarter. Huntington National Bank’s holdings in S&P Global were worth $13,319,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of SPGI. Duality Advisers LP bought a new position in S&P Global during the 2nd quarter worth approximately $1,380,000. Everett Harris & Co. CA bought a new position in S&P Global during the 2nd quarter worth approximately $306,000. Schmidt P J Investment Management Inc. boosted its stake in S&P Global by 5.3% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 882 shares of the business services provider’s stock worth $291,000 after acquiring an additional 44 shares during the last quarter. M&T Bank Corp boosted its stake in S&P Global by 5.2% during the 2nd quarter. M&T Bank Corp now owns 86,872 shares of the business services provider’s stock worth $28,623,000 after acquiring an additional 4,312 shares during the last quarter. Finally, Skylands Capital LLC boosted its stake in S&P Global by 39.5% during the 2nd quarter. Skylands Capital LLC now owns 18,275 shares of the business services provider’s stock worth $6,021,000 after acquiring an additional 5,175 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.
In other S&P Global news, CEO Douglas L. Peterson sold 30,000 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $351.44, for a total value of $10,543,200.00. Following the transaction, the chief executive officer now directly owns 173,293 shares in the company, valued at $60,902,091.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ewout L. Steenbergen sold 8,800 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $350.59, for a total transaction of $3,085,192.00. Following the completion of the transaction, the chief financial officer now owns 18,291 shares in the company, valued at $6,412,641.69. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.
SPGI traded down $2.12 during trading on Friday, reaching $350.25. 1,126,780 shares of the stock were exchanged, compared to its average volume of 857,626. The stock has a market cap of $84.41 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 3.22 and a beta of 1.05. S&P Global Inc has a twelve month low of $186.05 and a twelve month high of $360.00. The stock’s 50 day moving average price is $337.97 and its two-hundred day moving average price is $297.60. The company has a debt-to-equity ratio of 16.90, a quick ratio of 1.24 and a current ratio of 1.47.
S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $3.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.64. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.78 billion. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.43 earnings per share. Equities research analysts predict that S&P Global Inc will post 10.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.68 dividend on an annualized basis and a yield of 0.77%. S&P Global’s payout ratio is 28.12%.
S&P Global 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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