Emerald Advisers Inc. PA 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 32,300 shares of the company’s stock, valued at approximately $3,464,000.
A number of other hedge funds have also modified their holdings of the company. West Oak Capital LLC acquired a new stake in shares of S&P Global during the second quarter worth $139,000. Meeder Asset Management Inc. purchased a new position in shares of S&P Global during the second quarter worth approximately $147,000. Arcadia Investment Management Corp MI purchased a new position in shares of S&P Global during the second quarter worth approximately $180,000. Trust Co. of Vermont purchased a new position in shares of S&P Global during the second quarter worth approximately $208,000. Finally, Security National Trust Co. purchased a new position in shares of S&P Global during the second quarter worth approximately $211,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.
Shares of S&P Global Inc. (NYSE:SPGI) traded down 0.94% during trading on Friday, reaching $123.86. 754,808 shares of the company’s stock were exchanged. S&P Global Inc. has a 52 week low of $78.55 and a 52 week high of $128.40. The stock has a market capitalization of $32.70 billion, a PE ratio of 28.41 and a beta of 1.28. The company’s 50-day moving average is $124.02 and its 200 day moving average is $112.41.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 21.32% and a return on equity of 320.10%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. On average, analysts forecast that S&P Global Inc. will post $5.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were paid a $0.36 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. S&P Global’s dividend payout ratio (DPR) is presently 32.95%.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Wednesday. 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 assumed 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 upped their price objective on shares of S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $131.29.
In related 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 sale, the insider now owns 50,772 shares in the company, valued at $6,141,888.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 corporate insiders.
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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