Comgest Global Investors S.A.S. bought a new position in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $1,073,000.
A number of other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new position in shares of S&P Global during the second quarter valued at approximately $111,858,000. Bristol John W & Co. Inc. NY acquired a new position in shares of S&P Global during the second quarter valued at approximately $72,200,000. New York State Teachers Retirement System acquired a new position in shares of S&P Global during the second quarter valued at approximately $49,939,000. Packer & Co Ltd acquired a new position in shares of S&P Global during the second quarter valued at approximately $33,904,000. Finally, Nordea Investment Management AB acquired a new position in shares of S&P Global during the second quarter valued at approximately $27,198,000. Institutional investors own 84.81% of the company’s stock.
S&P Global Inc. (NYSE:SPGI) traded up 1.23% on Friday, reaching $126.56. 1,475,968 shares of the company were exchanged. The firm has a market capitalization of $33.41 billion, a PE ratio of 29.03 and a beta of 1.22. S&P Global Inc. has a 12-month low of $78.55 and a 12-month high of $128.40. The stock has a 50 day moving average of $123.21 and a 200 day moving average of $111.14.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.10. The firm earned $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. S&P Global had a net margin of 21.32% and a return on equity of 320.10%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 earnings per share. Equities analysts anticipate that S&P Global Inc. will post $5.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, August 24th. S&P Global’s dividend payout ratio is currently 32.95%.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Argus increased their price target on shares of S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Barclays PLC upgraded shares of S&P Global from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $140.00 to $145.00 in a research note on Wednesday, September 21st. Credit Suisse Group AG assumed coverage on shares of S&P Global in a research note on Monday, July 11th. They set an “outperform” rating and a $123.00 price target on the stock. Finally, Cantor Fitzgerald restated a “buy” rating on shares of S&P Global in a research note on Friday, August 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $131.43.
In other S&P Global news, insider Finbarr J. Oneill sold 36,674 shares of S&P Global stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $120.97, for a total value of $4,436,453.78. Following the transaction, the insider now owns 50,772 shares of the company’s stock, valued at $6,141,888.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nancy Luquette sold 500 shares of S&P Global stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $123.08, for a total transaction of $61,540.00. Following the completion of the transaction, the senior vice president now directly owns 133 shares in the company, valued at approximately $16,369.64. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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