Simonbaker & Partners LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 11.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,611 shares of the business services provider’s stock after selling 210 shares during the period. Simonbaker & Partners LLC’s holdings in S&P Global were worth $211,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in S&P Global during the fourth quarter valued at about $5,486,000. BLS Capital Fondsmaeglerselskab A S bought a new position in S&P Global during the fourth quarter valued at about $11,037,000. Dimensional Fund Advisors LP raised its position in S&P Global by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 606,769 shares of the business services provider’s stock valued at $65,258,000 after buying an additional 22,687 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in S&P Global during the fourth quarter valued at about $125,000. Finally, Thrivent Financial for Lutherans raised its position in S&P Global by 4.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,020 shares of the business services provider’s stock valued at $970,000 after buying an additional 400 shares during the last quarter. 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 company’s 50 day moving average is $148.86 and its 200 day moving average is $134.92. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35. The firm has a market cap of $39.44 billion, a P/E ratio of 17.88 and a beta of 1.52.
S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm earned $1.44 EPS. S&P Global’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post $6.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be issued a $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.07%. S&P Global’s dividend payout ratio is currently 19.16%.
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Several research firms have recently weighed in on SPGI. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Tuesday, April 11th. Raymond James Financial, Inc. upgraded S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Monday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $153.00 price objective (up previously from $139.00) on shares of S&P Global in a report on Wednesday, April 26th. Argus reiterated a “buy” rating and set a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a report on Monday, May 29th. Finally, Barclays PLC lifted their price objective on S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. S&P Global has an average rating of “Buy” and an average price target of $153.82.
In other S&P Global news, Director Marco Alvera purchased 400 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the purchase, the director now owns 400 shares of the company’s stock, valued at approximately $56,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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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