Public Employees Retirement Association of Colorado purchased a new position in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,214 shares of the company’s stock, valued at approximately $6,137,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC purchased a new stake in S&P Global during the second quarter worth $139,000. Quadrant Capital Group LLC purchased a new stake in S&P Global during the second quarter worth $146,000. Meeder Asset Management Inc. purchased a new stake in S&P Global during the second quarter worth $147,000. Whittier Trust Co. purchased a new stake in S&P Global during the second quarter worth $157,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in S&P Global during the second quarter worth $180,000. Institutional investors own 84.80% of the company’s stock.
Shares of S&P Global Inc. (NYSE:SPGI) traded up 0.28% during trading on Tuesday, hitting $122.89. 804,094 shares of the stock traded hands. S&P Global Inc. has a 1-year low of $78.55 and a 1-year high of $128.40. The company has a market cap of $32.44 billion, a PE ratio of 28.19 and a beta of 1.28. The company has a 50 day moving average of $124.42 and a 200-day moving average of $113.77.
S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 28th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The business earned $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $1.21 earnings per share. S&P Global’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that S&P Global Inc. will post $5.20 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a report on Wednesday, October 5th. Barclays PLC raised shares of S&P Global from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $140.00 to $145.00 in a research note on Wednesday, September 21st. Macquarie initiated coverage on shares of S&P Global in a research note on Thursday, August 25th. They set an “outperform” rating and a $140.00 target price on the stock. Cantor Fitzgerald reissued a “buy” rating on shares of S&P Global in a research note on Friday, August 19th. Finally, Argus raised their target price on shares of S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and an average target price of $131.29.
In other S&P Global news, SVP Nancy Luquette sold 500 shares of the 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 in the company, valued at $16,369.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Finbarr J. Oneill sold 36,674 shares of the stock in a transaction on Monday, August 1st. The stock was 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 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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