According to Zacks, “After completing with its portfolio restructuring, McGraw-Hill Financial rechristened as S&P Global is now focusing on its core business that would help it emerge as a leader among rating providers, benchmark providers, and analytics in the global capital and commodity markets. In addition, to aid its goal of emerging as a leader in the global analytics arena, the company has also made strategic investments. All these endeavors have helped the company to continue with its positive earnings surprise streak for the fourteenth quarters in row, when it reported second-quarter 2016 results. However, McGraw-Hill’s results could be hampered by lower volume of debt securities issued in capital markets. Recently, the company released its global bond issuance forecast. The company expects global issuance in 2016 to fall 3.8% in comparison to its previous forecast of nearly 2%.”
Other research analysts have also issued reports about the company. Macquarie assumed coverage on S&P Global in a research report on Thursday, August 25th. They issued an outperform rating and a $140.00 price target for the company. Credit Suisse Group AG assumed coverage on S&P Global in a research report on Monday, July 11th. They issued an outperform rating and a $123.00 price target for the company. Barclays PLC reissued an overweight rating and issued a $115.00 price target on shares of S&P Global in a research report on Tuesday, June 28th. Cantor Fitzgerald set a $117.00 price target on S&P Global and gave the stock a buy rating in a research report on Thursday, July 28th. Finally, Argus boosted their price target on S&P Global from $120.00 to $135.00 and gave the stock a buy rating in a research report on Wednesday, August 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $131.43.
S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 28th. The company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.10. The business earned $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. S&P Global’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.44 annualized dividend and a yield of 1.14%. S&P Global’s dividend payout ratio (DPR) is 32.95%.
In other S&P Global news, SVP Nancy Luquette sold 500 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the sale, the senior vice president now owns 133 shares in the company, valued at approximately $16,369.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Finbarr J. Oneill sold 36,674 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 50,772 shares in the company, valued at approximately $6,141,888.84. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. New Mexico Educational Retirement Board increased its stake in S&P Global by 3.0% in the second quarter. New Mexico Educational Retirement Board now owns 30,826 shares of the company’s stock valued at $3,306,000 after buying an additional 900 shares during the last quarter. Jacobus Wealth Management Inc. purchased a new stake in S&P Global during the second quarter valued at $107,000. Fuller & Thaler Asset Management Inc. purchased a new stake in S&P Global during the second quarter valued at $113,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in S&P Global during the second quarter valued at $129,000. Finally, West Oak Capital LLC purchased a new stake in S&P Global during the second quarter valued at $139,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
S&P Global Company Profile
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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