Emerald Mutual Fund Advisers Trust acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,533 shares of the company’s stock, valued at approximately $272,000.
Several other institutional investors have also made changes to their positions in the stock. West Oak Capital LLC bought a new stake in shares of S&P Global during the second quarter valued at $139,000. Meeder Asset Management Inc. acquired a new position in S&P Global during the second quarter worth approximately $147,000. Arcadia Investment Management Corp MI acquired a new position in S&P Global during the second quarter worth approximately $180,000. Trust Co. of Vermont acquired a new position in S&P Global during the second quarter worth approximately $208,000. Finally, Security National Trust Co. acquired a new position in S&P Global during the second quarter worth approximately $211,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
S&P Global Inc. (NYSE:SPGI) traded down 1.536% on Tuesday, reaching $122.735. 527,437 shares of the company’s stock were exchanged. S&P Global Inc. has a 12-month low of $78.55 and a 12-month high of $128.40. The company has a market cap of $32.40 billion, a P/E ratio of 28.157 and a beta of 1.28. The firm has a 50 day moving average of $124.14 and a 200-day moving average of $112.83.
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. S&P Global had a net margin of 21.32% and a return on equity of 320.10%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $1.21 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that S&P Global Inc. will post $5.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were given 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 1.16%. S&P Global’s payout ratio is currently 32.95%.
Several research analysts recently issued reports on SPGI shares. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research note on Wednesday, October 5th. Barclays PLC upgraded S&P Global from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $140.00 to $145.00 in a report on Wednesday, September 21st. Macquarie assumed coverage on S&P Global in a report on Thursday, August 25th. They set an “outperform” rating and a $140.00 price objective for the company. Cantor Fitzgerald reiterated a “buy” rating on shares of S&P Global in a report on Friday, August 19th. Finally, Argus increased their price objective on S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $131.29.
In other news, insider Finbarr J. Oneill sold 36,674 shares of the 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 sale, the insider now directly owns 50,772 shares in the company, valued at $6,141,888.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nancy Luquette sold 500 shares of the 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 sale, the senior vice president now owns 133 shares in the company, valued at $16,369.64. The disclosure for this sale can be found here. Company 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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