AQR Capital Management LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 576,653 shares of the business services provider’s stock after buying an additional 66,671 shares during the period. AQR Capital Management LLC owned 0.22% of S&P Global worth $75,392,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in S&P Global during the first quarter worth approximately $101,000. State of Alaska Department of Revenue acquired a new stake in S&P Global during the first quarter worth approximately $125,000. Parallel Advisors LLC increased its stake in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after buying an additional 10 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in S&P Global by 1,214.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock worth $134,000 after buying an additional 947 shares in the last quarter. Hedge funds and other institutional investors own 85.92% of the company’s stock.
Shares of S&P Global Inc. (SPGI) traded up 0.01% during midday trading on Friday, hitting $153.47. The stock had a trading volume of 1,017,743 shares. The stock has a market cap of $39.56 billion, a P/E ratio of 18.30 and a beta of 1.52. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35. The stock has a 50-day moving average price of $148.64 and a 200-day moving average price of $134.63.
S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 245.38% and a net margin of 38.30%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $1.44 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that S&P Global Inc. will post $6.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is presently 19.57%.
A number of equities research analysts have commented on SPGI shares. Barclays PLC lifted their target price on S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Monday, July 17th. Morgan Stanley restated an “equal weight” rating and issued a $146.00 target price (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Argus restated a “buy” rating and issued a $158.00 target price (up previously from $150.00) on shares of S&P Global in a research report on Monday, May 29th. Finally, Raymond James Financial, Inc. raised S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Monday, April 17th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $153.82.
In related news, Director Marco Alvera acquired 400 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $140.09 per share, with a total value of $56,036.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at approximately $56,036. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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