BTIM Corp. purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,593 shares of the business services provider’s stock, valued at approximately $671,000.
Other hedge funds also recently made changes to their positions in the company. First Quadrant L P CA acquired a new position in S&P Global during the second quarter worth approximately $415,000. Aperio Group LLC raised its position in S&P Global by 14.7% in the second quarter. Aperio Group LLC now owns 130,714 shares of the business services provider’s stock worth $19,083,000 after buying an additional 16,713 shares in the last quarter. Louisiana State Employees Retirement System raised its position in S&P Global by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the business services provider’s stock worth $2,336,000 after buying an additional 100 shares in the last quarter. TNB Financial raised its position in S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock worth $321,000 after buying an additional 42 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in S&P Global by 10.0% in the second quarter. CENTRAL TRUST Co now owns 4,166 shares of the business services provider’s stock worth $608,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 85.62% of the company’s stock.
S&P Global Inc. (NYSE:SPGI) opened at 148.41 on Friday. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35. The company’s 50 day moving average price is $149.99 and its 200-day moving average price is $137.44. The company has a market capitalization of $38.14 billion, a P/E ratio of 17.29 and a beta of 1.52.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. Equities analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s dividend payout ratio is currently 19.16%.
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SPGI has been the topic of several research reports. BMO Capital Markets upped their price target on S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. UBS AG upped their price target on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Monday, July 17th. Finally, Barclays PLC upped their price objective on S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $153.82.
In related news, Director Marco Alvera acquired 400 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average cost of $140.09 per share, with a total value of $56,036.00. Following the acquisition, the director now owns 400 shares of the company’s stock, valued at approximately $56,036. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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