Cetera Advisor Networks LLC raised its holdings in shares of S&P Global Inc (NYSE:SPGI) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,607 shares of the business services provider’s stock after acquiring an additional 66 shares during the quarter. Cetera Advisor Networks LLC’s holdings in S&P Global were worth $335,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in SPGI. Cetera Investment Advisers lifted its position in S&P Global by 4.5% during the 1st quarter. Cetera Investment Advisers now owns 1,566 shares of the business services provider’s stock worth $331,000 after acquiring an additional 67 shares during the period. TAP Consulting LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $1,348,000. Stephens Inc. AR lifted its position in S&P Global by 23.7% during the 1st quarter. Stephens Inc. AR now owns 5,372 shares of the business services provider’s stock worth $1,131,000 after acquiring an additional 1,028 shares during the period. Bbva Compass Bancshares Inc. lifted its position in S&P Global by 3.4% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 4,903 shares of the business services provider’s stock worth $1,032,000 after acquiring an additional 163 shares during the period. Finally, Palladium Partners LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $211,000. 81.94% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Nancy Luquette sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total value of $477,070.00. Following the completion of the transaction, the senior vice president now directly owns 2,340 shares of the company’s stock, valued at approximately $507,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $198.02, for a total value of $354,653.82. Following the completion of the transaction, the chief executive officer now directly owns 19,466 shares of the company’s stock, valued at $3,854,657.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,555 shares of company stock valued at $7,039,419. Company insiders own 0.20% of the company’s stock.
SPGI has been the subject of a number of recent research reports. Morgan Stanley set a $226.00 price objective on S&P Global and gave the stock a “hold” rating in a research report on Friday, May 3rd. UBS Group raised S&P Global from a “neutral” rating to a “buy” rating and increased their target price for the stock from $228.00 to $252.00 in a research note on Tuesday. Piper Jaffray Companies increased their target price on S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Finally, ValuEngine raised S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $217.55.
Shares of SPGI stock opened at $213.99 on Friday. The company has a market cap of $53.41 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. S&P Global Inc has a 12-month low of $156.68 and a 12-month high of $222.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 11.03.
S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $2.00 earnings per share. On average, equities research analysts expect that S&P Global Inc will post 9.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is 26.82%.
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About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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