Strs Ohio cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,612 shares of the business services provider’s stock after selling 8,243 shares during the period. Strs Ohio owned about 0.06% of S&P Global worth $21,257,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Lederer & Associates Investment Counsel CA boosted its position in S&P Global by 0.6% in the second quarter. Lederer & Associates Investment Counsel CA now owns 13,325 shares of the business services provider’s stock valued at $1,945,000 after buying an additional 85 shares in the last quarter. Parkwood LLC purchased a new position in S&P Global during the second quarter valued at about $441,000. Acadian Asset Management LLC boosted its position in S&P Global by 678.6% in the second quarter. Acadian Asset Management LLC now owns 4,321 shares of the business services provider’s stock valued at $631,000 after buying an additional 3,766 shares in the last quarter. Wellington Shields & Co. LLC boosted its position in S&P Global by 562.5% in the second quarter. Wellington Shields & Co. LLC now owns 10,600 shares of the business services provider’s stock valued at $1,547,000 after buying an additional 9,000 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in S&P Global during the second quarter valued at about $256,000. Hedge funds and other institutional investors own 85.62% of the company’s stock.
Shares of S&P Global Inc. (SPGI) opened at 148.41 on Friday. The firm has a market capitalization of $38.14 billion, a PE ratio of 17.29 and a beta of 1.52. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $158.35. The stock has a 50 day moving average of $149.99 and a 200-day moving average of $137.44.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post $6.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.
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A number of equities analysts have weighed in on SPGI shares. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets upped their price objective on shares of S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. UBS AG upped their price objective on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Finally, Barclays PLC upped their price objective on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. S&P Global has a consensus rating of “Buy” and an average price target of $153.82.
In other news, Director Marco Alvera purchased 400 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average price of $140.09 per share, with a total value of $56,036.00. Following the purchase, the director now directly owns 400 shares of the company’s stock, valued at approximately $56,036. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
About S&P Global
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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