Northcape Capital Pty Ltd grew its holdings in S&P Global Inc. (NYSE:SPGI) by 31.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,550 shares of the business services provider’s stock after acquiring an additional 3,511 shares during the period. S&P Global accounts for approximately 0.6% of Northcape Capital Pty Ltd’s holdings, making the stock its 8th largest position. Northcape Capital Pty Ltd’s holdings in S&P Global were worth $5,156,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in S&P Global in the third quarter worth approximately $989,000. Johnson Financial Group Inc. bought a new position in S&P Global in the third quarter valued at about $28,000. Creative Financial Designs Inc. ADV grew its position in S&P Global by 111.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 91 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. South State CORP. bought a new position in S&P Global in the third quarter valued at about $44,000. Finally, Rockbridge Investment Management LCC bought a new position in S&P Global in the third quarter valued at about $50,000. 82.99% of the stock is owned by institutional investors.
Shares of SPGI opened at $343.00 on Monday. S&P Global Inc. has a 52-week low of $186.05 and a 52-week high of $379.87. The company has a debt-to-equity ratio of 14.74, a quick ratio of 1.47 and a current ratio of 1.47. The business’s 50 day moving average price is $341.57 and its two-hundred day moving average price is $341.28. The firm has a market cap of $82.18 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.21. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the firm earned $2.46 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Research analysts predict that S&P Global Inc. will post 11.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.78%. The ex-dividend date is Tuesday, November 24th. S&P Global’s dividend payout ratio (DPR) is presently 28.12%.
In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $339.54, for a total value of $2,376,780.00. Following the transaction, the chief executive officer now directly owns 145,704 shares of the company’s stock, valued at $49,472,336.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.
SPGI has been the topic of several research reports. Stifel Nicolaus boosted their price target on S&P Global from $351.00 to $353.00 and gave the stock a “hold” rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on S&P Global in a report on Monday. They set a “buy” rating and a $415.00 price target on the stock. UBS Group boosted their price target on S&P Global from $418.00 to $422.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. BMO Capital Markets reduced their price target on S&P Global from $375.00 to $392.00 in a report on Wednesday, October 28th. Finally, Morgan Stanley boosted their price target on S&P Global from $404.00 to $411.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. S&P Global presently has an average rating of “Buy” and a consensus price target of $366.64.
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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