Pioneer Investment Management Inc. increased its position in S&P Global Inc. (NYSE:SPGI) by 63.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 93,875 shares of the business services provider’s stock after buying an additional 36,495 shares during the period. Pioneer Investment Management Inc.’s holdings in S&P Global were worth $13,705,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in SPGI. Guardian Life Insurance Co. of America boosted its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after buying an additional 10 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 30 shares during the last quarter. TNB Financial boosted its stake in shares of S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after buying an additional 42 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after buying an additional 50 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of S&P Global by 0.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,910 shares of the business services provider’s stock valued at $845,000 after buying an additional 65 shares during the last quarter. Institutional investors own 85.62% of the company’s stock.
S&P Global Inc. (NYSE SPGI) opened at 148.41 on Friday. The firm has a market capitalization of $38.14 billion, a PE ratio of 17.29 and a beta of 1.52. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $158.35. The company has a 50 day moving average of $149.99 and a 200 day moving average of $137.44.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts forecast that S&P Global Inc. will post $6.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is currently 19.16%.
WARNING: This piece was reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.thestockobserver.com/2017/08/12/sp-global-inc-spgi-stake-increased-by-pioneer-investment-management-inc.html.
Several analysts have commented on SPGI shares. Barclays PLC lifted their price objective on shares of S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Monday, July 17th. BMO Capital Markets lifted their price objective on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. UBS AG lifted their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $153.82.
In other S&P Global news, Director Marco Alvera bought 400 shares of S&P Global stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $140.09 per share, with a total value of $56,036.00. Following the completion of the acquisition, the director now owns 400 shares in the company, valued at $56,036. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.
About S&P Global
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.
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI).
Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.