Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its stake in shares of S&P Global Inc (NYSE:SPGI) by 88.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,320 shares of the business services provider’s stock after buying an additional 2,500 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in S&P Global were worth $1,304,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the business. Virtus ETF Advisers LLC bought a new stake in shares of S&P Global in the fourth quarter worth $32,000. Liberty Wealth Management LLC bought a new stake in shares of S&P Global in the first quarter worth about $29,000. FinTrust Capital Advisors LLC bought a new stake in S&P Global during the fourth quarter worth approximately $33,000. Ameritas Investment Company LLC increased its stake in S&P Global by 1,437.5% during the fourth quarter. Ameritas Investment Company LLC now owns 123 shares of the business services provider’s stock worth $34,000 after acquiring an additional 115 shares during the last quarter. Finally, Sandy Spring Bank increased its stake in S&P Global by 101.6% during the fourth quarter. Sandy Spring Bank now owns 125 shares of the business services provider’s stock worth $34,000 after acquiring an additional 63 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
Shares of SPGI traded up $1.10 during midday trading on Friday, hitting $311.86. 621,180 shares of the company’s stock traded hands, compared to its average volume of 1,322,260. S&P Global Inc has a 1 year low of $186.05 and a 1 year high of $317.29. The firm’s fifty day moving average is $282.87 and its 200-day moving average is $274.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 8.52. The stock has a market capitalization of $74.87 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 3.09 and a beta of 1.04.
S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.37. S&P Global had a return on equity of 758.90% and a net margin of 34.02%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $2.11 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global Inc will post 10.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 26th. S&P Global’s payout ratio is 28.12%.
Several brokerages have weighed in on SPGI. Stifel Nicolaus cut their target price on 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. BMO Capital Markets upped their target price on S&P Global from $278.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald upped their target price on S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. UBS Group upped their target price on S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $262.00 price target for the company in a report on Friday, March 27th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $293.62.
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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