Asset Management One Co. Ltd. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 410,824 shares of the business services provider’s stock after acquiring an additional 3,236 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of S&P Global worth $64,201,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Wedbush Securities Inc. increased its stake in S&P Global by 0.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock worth $294,000 after purchasing an additional 6 shares in the last quarter. Brookstone Capital Management increased its stake in S&P Global by 1.0% in the 2nd quarter. Brookstone Capital Management now owns 5,447 shares of the business services provider’s stock worth $795,000 after purchasing an additional 56 shares in the last quarter. IFP Advisors Inc increased its stake in S&P Global by 3.2% in the 2nd quarter. IFP Advisors Inc now owns 2,246 shares of the business services provider’s stock worth $328,000 after purchasing an additional 69 shares in the last quarter. Advisor Group Inc. increased its stake in S&P Global by 4.2% in the 2nd quarter. Advisor Group Inc. now owns 1,782 shares of the business services provider’s stock worth $260,000 after purchasing an additional 72 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in S&P Global by 8.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.
A number of equities analysts recently weighed in on the company. Barclays lifted their price target on S&P Global from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. UBS lifted their target price on S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company lifted their target price on S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. BMO Capital Markets cut S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 target price on the stock. in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $177.00 target price on shares of S&P Global in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $168.27.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. sell-side analysts forecast that S&P Global Inc. will post 6.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, November 27th. This represents a $1.64 annualized dividend and a dividend yield of 0.97%. S&P Global’s dividend payout ratio is 24.08%.
In other news, EVP Courtney Geduldig sold 1,404 shares of S&P Global stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now directly owns 1,259 shares in the company, valued at approximately $200,659.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,000 shares of company stock valued at $1,104,704. 0.20% of the stock is owned by corporate insiders.
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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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