Evelyn Partners Investment Management LLP lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,907 shares of the business services provider’s stock after selling 1,546 shares during the period. S&P Global comprises approximately 0.9% of Evelyn Partners Investment Management LLP’s holdings, making the stock its 26th largest holding. Evelyn Partners Investment Management LLP’s holdings in S&P Global were worth $33,562,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Evelyn Partners Investment Management Services Ltd raised its holdings in shares of S&P Global by 1.6% during the first quarter. Evelyn Partners Investment Management Services Ltd now owns 15,919 shares of the business services provider’s stock valued at $6,771,000 after acquiring an additional 247 shares in the last quarter. Socorro Asset Management LP purchased a new position in S&P Global during the 1st quarter valued at $5,170,000. Quantinno Capital Management LP increased its position in S&P Global by 28.2% during the 1st quarter. Quantinno Capital Management LP now owns 137,199 shares of the business services provider’s stock valued at $58,356,000 after purchasing an additional 30,175 shares during the period. Soroban Capital Partners LP raised its holdings in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in S&P Global in the 1st quarter worth $17,992,000. Institutional investors own 87.17% of the company’s stock.
Insider Buying and Selling
In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 5,974 shares of company stock valued at $2,576,775 over the last quarter. Corporate insiders own 0.03% of the company’s stock.
S&P Global Stock Performance
S&P Global (NYSE:SPGI – Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 EPS. On average, equities analysts forecast that S&P Global Inc. will post 18.37 earnings per share for the current fiscal year.
S&P Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is presently 24.56%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on SPGI. Daiwa Securities Group cut their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. The Goldman Sachs Group decreased their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Barclays lowered their price objective on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Rothschild & Co Redburn reduced their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $533.59.
Check Out Our Latest Report on S&P Global
S&P Global Company Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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