Profund Advisors LLC boosted its stake in S&P Global Inc (NYSE:SPGI) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,468 shares of the business services provider’s stock after buying an additional 2,003 shares during the period. Profund Advisors LLC’s holdings in S&P Global were worth $1,434,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tocqueville Asset Management L.P. lifted its holdings in S&P Global by 23.6% in the fourth quarter. Tocqueville Asset Management L.P. now owns 8,650 shares of the business services provider’s stock worth $1,465,000 after buying an additional 1,650 shares during the period. Nippon Life Global Investors Americas Inc. lifted its holdings in S&P Global by 0.6% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 110,220 shares of the business services provider’s stock worth $18,671,000 after buying an additional 700 shares during the period. Renaissance Technologies LLC lifted its holdings in S&P Global by 67.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,099,900 shares of the business services provider’s stock worth $186,323,000 after buying an additional 442,000 shares during the period. Independent Franchise Partners LLP lifted its holdings in S&P Global by 1.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,827,389 shares of the business services provider’s stock worth $648,359,000 after buying an additional 57,846 shares during the period. Finally, Signaturefd LLC purchased a new stake in S&P Global in the fourth quarter worth about $204,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Several brokerages have commented on SPGI. ValuEngine lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Cantor Fitzgerald raised their price objective on shares of S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. BMO Capital Markets raised their target price on shares of S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Credit Suisse Group raised their target price on shares of S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $229.00 target price (up previously from $224.00) on shares of S&P Global in a research note on Tuesday, February 13th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $190.36.
S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. equities research analysts expect that S&P Global Inc will post 8.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.03%. This is an increase from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio (DPR) is 34.60%.
In related news, SVP Nancy Luquette sold 890 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total transaction of $167,791.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $187.30, for a total transaction of $749,200.00. Following the sale, the chief executive officer now directly owns 145,850 shares of the company’s stock, valued at approximately $27,317,705. The disclosure for this sale can be found here. Insiders have sold 20,792 shares of company stock valued at $3,973,197 in the last three months. 0.20% of the stock is owned by insiders.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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