Handelsbanken Fonder AB purchased a new position in S&P Global Inc (NYSE:SPGI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 57,570 shares of the business services provider’s stock, valued at approximately $18,968,000.
Other large investors also recently bought and sold shares of the company. Waratah Capital Advisors Ltd. acquired a new stake in shares of S&P Global in the second quarter valued at about $14,671,000. First Horizon Advisors Inc. boosted its holdings in S&P Global by 126.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 526 shares of the business services provider’s stock worth $173,000 after buying an additional 294 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in S&P Global by 3.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 8,471 shares of the business services provider’s stock worth $2,791,000 after buying an additional 306 shares in the last quarter. CNB Bank raised its holdings in shares of S&P Global by 10.7% during the second quarter. CNB Bank now owns 382 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 37 shares during the last quarter. Finally, Tuttle Tactical Management acquired a new position in shares of S&P Global during the second quarter valued at approximately $387,000. Institutional investors own 82.99% of the company’s stock.
Several brokerages recently commented on SPGI. Credit Suisse Group started coverage on S&P Global in a research report on Friday, May 29th. They set an “outperform” rating and a $345.00 price target for the company. Stifel Nicolaus upped their target price on shares of S&P Global from $331.00 to $351.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. BMO Capital Markets raised their price target on shares of S&P Global from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group boosted their price target on shares of S&P Global from $339.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Oppenheimer initiated coverage on shares of S&P Global in a report on Tuesday, July 28th. They issued a “buy” rating and a $396.00 price objective for the company. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. S&P Global currently has a consensus rating of “Buy” and an average price target of $353.54.
Shares of NYSE SPGI traded down $0.43 during midday trading on Wednesday, reaching $356.77. 29,278 shares of the stock were exchanged, compared to its average volume of 1,433,990. The stock has a market capitalization of $86.09 billion, a P/E ratio of 33.80, a PEG ratio of 3.17 and a beta of 1.03. 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 company has a 50 day simple moving average of $353.87 and a 200 day simple moving average of $310.72. S&P Global Inc has a twelve month low of $186.05 and a twelve month high of $379.87.
S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 28th. The business services provider reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.64. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.78 billion. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 earnings per share. On average, research analysts expect that S&P Global Inc will post 10.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 26th were issued a $0.67 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $2.68 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 28.12%.
In related news, EVP Courtney Geduldig sold 2,580 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $352.76, for a total transaction of $910,120.80. Following the sale, the executive vice president now directly owns 10,040 shares of the company’s stock, valued at approximately $3,541,710.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ewout L. Steenbergen sold 8,800 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $350.59, for a total transaction of $3,085,192.00. Following the sale, the chief financial officer now owns 18,291 shares in the company, valued at $6,412,641.69. The disclosure for this sale can be found here. In the last three months, insiders sold 43,710 shares of company stock worth $15,363,454. 0.20% of the stock is owned by corporate insiders.
S&P Global Company Profile
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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