Investec Asset Management PTY Ltd held its position in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, Holdings Channel reports. The fund owned 1,801 shares of the company’s stock at the end of the fourth quarter. Investec Asset Management PTY Ltd’s holdings in S&P Global were worth $194,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Henderson Group PLC acquired a new position in shares of S&P Global during the second quarter valued at approximately $3,519,000. BP PLC acquired a new position in shares of S&P Global during the second quarter valued at approximately $5,901,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of S&P Global during the second quarter valued at approximately $30,126,000. Tocqueville Asset Management L.P. acquired a new position in shares of S&P Global during the second quarter valued at approximately $3,488,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in shares of S&P Global during the second quarter valued at approximately $750,000. 86.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of S&P Global Inc. (NYSE:SPGI) traded up 1.15% during trading on Friday, reaching $130.09. The company’s stock had a trading volume of 280,941 shares. The stock has a 50 day moving average of $118.21 and a 200-day moving average of $120.36. The company has a market capitalization of $33.62 billion, a PE ratio of 16.38 and a beta of 1.49. S&P Global Inc. has a 1-year low of $85.36 and a 1-year high of $130.24.
S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion. S&P Global had a return on equity of 297.85% and a net margin of 37.20%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. On average, analysts expect that S&P Global Inc. will post $6.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, February 22nd. This is an increase from S&P Global’s previous quarterly dividend of $0.36. S&P Global’s dividend payout ratio (DPR) is 18.11%.
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Several equities analysts have commented on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $160.00 price objective (up previously from $137.00) on shares of S&P Global in a research report on Thursday, February 9th. Barclays PLC reaffirmed an “overweight” rating and issued a $140.00 price objective (up previously from $130.00) on shares of S&P Global in a research report on Thursday, February 9th. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Cantor Fitzgerald set a $139.00 price objective on S&P Global and gave the company a “buy” rating in a research report on Tuesday, February 7th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $131.00 price objective on shares of S&P Global in a research report on Sunday, November 20th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $137.50.
In other news, Director Maria R. Morris bought 400 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were acquired at an average price of $115.90 per share, for a total transaction of $46,360.00. Following the completion of the transaction, the director now directly owns 400 shares in the company, valued at approximately $46,360. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Courtney Geduldig sold 3,724 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $124.97, for a total value of $465,388.28. Following the completion of the transaction, the executive vice president now owns 5,541 shares in the company, valued at approximately $692,458.77. The disclosure for this sale can be found here. Company insiders own 0.60% 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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