BlackRock Advisors LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 126,922 shares of the company’s stock, valued at approximately $13,614,000.
A number of other hedge funds have also modified their holdings of the company. Jacobus Wealth Management Inc. purchased a new position in shares of S&P Global during the second quarter worth approximately $107,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of S&P Global during the second quarter worth approximately $113,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in shares of S&P Global during the second quarter worth approximately $129,000. West Oak Capital LLC purchased a new position in shares of S&P Global during the second quarter worth approximately $139,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of S&P Global during the second quarter worth approximately $147,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.
S&P Global Inc. (NYSE:SPGI) opened at 124.96 on Tuesday. The stock has a market cap of $32.99 billion, a P/E ratio of 28.67 and a beta of 1.28. S&P Global Inc. has a one year low of $78.55 and a one year high of $128.40. The stock has a 50 day moving average of $123.53 and a 200-day moving average of $111.84.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The firm earned $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. S&P Global had a net margin of 21.32% and a return on equity of 320.10%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. Analysts anticipate that S&P Global Inc. will post $5.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 24th. S&P Global’s dividend payout ratio is presently 32.95%.
A number of brokerages have commented on SPGI. Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Barclays PLC upgraded shares of S&P Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $140.00 to $145.00 in a research report on Wednesday, September 21st. Macquarie began coverage on shares of S&P Global in a research report on Thursday, August 25th. They set an “outperform” rating and a $140.00 price objective for the company. Cantor Fitzgerald restated a “buy” rating on shares of S&P Global in a research report on Friday, August 19th. Finally, Argus increased their price target on shares of S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently 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 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 completion of the transaction, the insider now owns 50,772 shares of the company’s stock, valued at $6,141,888.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nancy Luquette sold 500 shares of S&P Global stock in a transaction on Tuesday, September 13th. The stock was 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 of the company’s stock, valued at approximately $16,369.64. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.
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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