MainStreet Investment Advisors LLC purchased a new stake in shares of S&P Global Inc (NYSE:SPGI) during the 1st quarter, Holdings Channel.com reports. The fund purchased 2,321 shares of the business services provider’s stock, valued at approximately $569,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nuveen Asset Management LLC grew its position in S&P Global by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 3,618,230 shares of the business services provider’s stock valued at $987,958,000 after purchasing an additional 56,905 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of S&P Global by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 3,427,571 shares of the business services provider’s stock worth $933,971,000 after buying an additional 201,084 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of S&P Global by 9.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,728,997 shares of the business services provider’s stock worth $668,740,000 after buying an additional 239,068 shares during the period. Norges Bank acquired a new stake in S&P Global in the 4th quarter worth about $619,639,000. Finally, Investec Asset Management LTD raised its stake in S&P Global by 3.8% in the 4th quarter. Investec Asset Management LTD now owns 1,810,721 shares of the business services provider’s stock worth $494,417,000 after purchasing an additional 66,086 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.
SPGI traded up $1.10 during trading on Friday, hitting $311.86. 621,180 shares of the company traded hands, compared to its average volume of 1,322,260. The firm has a market cap of $74.87 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 3.09 and a beta of 1.04. The stock’s fifty day moving average is $282.87 and its 200 day moving average is $274.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 8.52. S&P Global Inc has a one year low of $186.05 and a one year high of $317.29.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.37. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.67 billion. S&P Global had a net margin of 34.02% and a return on equity of 758.90%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 earnings per share. On average, equities research analysts forecast that S&P Global Inc will post 10.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, May 26th. This represents a $2.68 dividend on an annualized basis and a yield of 0.86%. S&P Global’s dividend payout ratio is presently 28.12%.
Several brokerages recently issued reports on SPGI. UBS Group lifted their price target on shares of S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus reduced their price objective on shares of S&P Global from $322.00 to $280.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Oppenheimer started coverage on shares of S&P Global in a research report on Monday, May 18th. They set an “outperform” rating and a $340.00 target price on the stock. ValuEngine upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Co upped their price objective on shares of S&P Global from $250.00 to $260.00 in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $293.62.
S&P Global Profile
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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