Smith Anglin Financial LLC bought a new stake in S&P Global Inc. (NYSE:SPGI – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 492 shares of the business services provider’s stock, valued at approximately $202,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tcwp LLC purchased a new stake in shares of S&P Global in the first quarter valued at about $138,000. Douglas Lane & Associates LLC boosted its holdings in shares of S&P Global by 11.3% in the first quarter. Douglas Lane & Associates LLC now owns 1,272 shares of the business services provider’s stock valued at $522,000 after acquiring an additional 129 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of S&P Global by 69.9% in the first quarter. IFM Investors Pty Ltd now owns 54,102 shares of the business services provider’s stock valued at $22,192,000 after acquiring an additional 22,251 shares in the last quarter. Country Trust Bank boosted its holdings in S&P Global by 8.5% during the first quarter. Country Trust Bank now owns 370 shares of the business services provider’s stock worth $152,000 after buying an additional 29 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in S&P Global by 8.2% during the first quarter. Prospera Financial Services Inc now owns 2,199 shares of the business services provider’s stock worth $902,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.
S&P Global Stock Performance
NYSE:SPGI opened at $369.42 on Friday. The firm has a 50 day simple moving average of $365.08 and a 200-day simple moving average of $367.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $123.20 billion, a PE ratio of 27.53, a P/E/G ratio of 2.66 and a beta of 1.05. S&P Global Inc. has a 1-year low of $311.87 and a 1-year high of $484.21.
S&P Global (NYSE:SPGI – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The business’s quarterly revenue was up 42.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.62 EPS. On average, equities analysts expect that S&P Global Inc. will post 11.49 EPS for the current year.
S&P Global Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, August 25th. S&P Global’s dividend payout ratio (DPR) is 25.34%.
Insider Buying and Selling
In related news, EVP Nancy Luquette sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the completion of the transaction, the executive vice president now owns 2,467 shares of the company’s stock, valued at $906,597.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Nancy Luquette sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the completion of the transaction, the executive vice president now owns 2,467 shares of the company’s stock, valued at $906,597.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John L. Berisford sold 13,450 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the transaction, the insider now directly owns 24,430 shares of the company’s stock, valued at approximately $9,053,513.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,150 shares of company stock valued at $10,146,219. Insiders own 0.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on SPGI shares. Atlantic Securities decreased their price objective on shares of S&P Global from $440.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of S&P Global from $483.00 to $418.00 in a report on Thursday, June 2nd. Raymond James decreased their price objective on shares of S&P Global from $462.00 to $417.00 and set an “outperform” rating on the stock in a report on Tuesday, July 12th. Barclays decreased their price objective on shares of S&P Global from $450.00 to $385.00 and set an “overweight” rating on the stock in a report on Friday, June 3rd. Finally, Morgan Stanley cut their target price on shares of S&P Global from $398.00 to $390.00 and set an “overweight” rating for the company in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $416.43.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.
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