Mn Services Vermogensbeheer B.V. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,529 shares of the business services provider’s stock after buying an additional 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in S&P Global were worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in SPGI. BlackRock Inc. grew its position in shares of S&P Global by 11.3% during the second quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after buying an additional 1,744,482 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of S&P Global by 4,882.5% during the second quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock worth $254,755,000 after buying an additional 1,709,993 shares in the last quarter. AJO LP acquired a new stake in shares of S&P Global during the second quarter worth approximately $130,724,000. Alliancebernstein L.P. grew its position in shares of S&P Global by 61.6% during the second quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock worth $268,235,000 after buying an additional 700,194 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of S&P Global by 59.9% during the second quarter. Prudential Financial Inc. now owns 1,394,031 shares of the business services provider’s stock worth $203,515,000 after buying an additional 522,340 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.
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Several brokerages recently issued reports on SPGI. Cantor Fitzgerald restated a “buy” rating and set a $177.00 price objective on shares of S&P Global in a research note on Thursday, October 26th. BMO Capital Markets cut S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price objective on the stock. in a research note on Friday, October 27th. Wells Fargo & Company raised their price objective on S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Barclays PLC raised their price objective on S&P Global from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, UBS AG raised their price objective on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $164.75.
S&P Global Inc. (SPGI) traded up $0.79 during mid-day trading on Monday, reaching $159.48. The company’s stock had a trading volume of 115,634 shares, compared to its average volume of 1,315,668. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. The company has a market capitalization of $40,465.95, a P/E ratio of 25.07, a PEG ratio of 1.91 and a beta of 1.51.
S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. equities analysts forecast that S&P Global Inc. will post 6.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s payout ratio is 24.08%.
S&P Global 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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