Reliance Trust Co. of Delaware Continues to Hold Stake in S&P Global Inc. (SPGI)

Reliance Trust Co. of Delaware maintained its stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,270 shares of the business services provider’s stock at the end of the second quarter. Reliance Trust Co. of Delaware’s holdings in S&P Global were worth $915,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock valued at $2,535,747,000 after buying an additional 740,631 shares during the last quarter. BlackRock Inc. increased its stake in shares of S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock valued at $2,020,285,000 after buying an additional 14,667,076 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of S&P Global by 4.2% in the first quarter. OppenheimerFunds Inc. now owns 6,211,104 shares of the business services provider’s stock valued at $812,041,000 after buying an additional 251,294 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of S&P Global by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 4,151,759 shares of the business services provider’s stock valued at $542,786,000 after buying an additional 177,338 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of S&P Global by 8.2% in the first quarter. Geode Capital Management LLC now owns 2,294,233 shares of the business services provider’s stock valued at $299,478,000 after buying an additional 173,058 shares during the last quarter. 84.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of S&P Global Inc. (NYSE SPGI) opened at 150.10 on Friday. The firm has a 50 day moving average price of $150.57 and a 200 day moving average price of $138.54. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $158.35. The firm has a market cap of $38.58 billion, a P/E ratio of 17.49 and a beta of 1.52.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Analysts anticipate that S&P Global Inc. will post $6.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.09%. S&P Global’s dividend payout ratio (DPR) is 19.16%.

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SPGI has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Barclays PLC raised their price objective on S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. Argus reaffirmed a “buy” rating and set a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $153.73.

In other 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 price of $140.09 per share, for a total transaction of $56,036.00. Following the purchase, the director now owns 400 shares in the company, valued at approximately $56,036. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.

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

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