Duality Advisers LP acquired a new position in shares of S&P Global Inc (NYSE:SPGI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,188 shares of the business services provider’s stock, valued at approximately $1,380,000.
Other institutional investors also recently bought and sold shares of the company. Everett Harris & Co. CA bought a new position in S&P Global in the second quarter valued at approximately $306,000. Schmidt P J Investment Management Inc. lifted its stake in S&P Global by 5.3% during the second quarter. Schmidt P J Investment Management Inc. now owns 882 shares of the business services provider’s stock worth $291,000 after purchasing an additional 44 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of S&P Global by 5.2% in the 2nd quarter. M&T Bank Corp now owns 86,872 shares of the business services provider’s stock valued at $28,623,000 after purchasing an additional 4,312 shares in the last quarter. Skylands Capital LLC increased its stake in shares of S&P Global by 39.5% in the 2nd quarter. Skylands Capital LLC now owns 18,275 shares of the business services provider’s stock valued at $6,021,000 after purchasing an additional 5,175 shares during the last quarter. Finally, Hoylecohen LLC acquired a new position in shares of S&P Global during the 2nd quarter worth $264,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.
A number of research analysts have issued reports on SPGI shares. Jefferies Financial Group lifted their target price on S&P Global from $339.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of S&P Global from $331.00 to $351.00 and gave the company a “hold” rating in a report on Wednesday. Oppenheimer started coverage on shares of S&P Global in a research note on Tuesday, July 28th. They issued a “buy” rating and a $396.00 price objective for the company. Credit Suisse Group began coverage on shares of S&P Global in a research note on Friday, May 29th. They set an “outperform” rating and a $345.00 target price on the stock. Finally, BMO Capital Markets increased their price target on S&P Global from $322.00 to $365.00 in a research note on Monday, June 8th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. S&P Global currently has a consensus rating of “Buy” and an average price target of $337.06.
S&P Global stock opened at $350.25 on Friday. The stock’s 50 day moving average is $337.97 and its 200 day moving average is $297.60. S&P Global Inc has a one year low of $186.05 and a one year high of $360.00. The firm has a market cap of $84.41 billion, a P/E ratio of 31.50, a P/E/G ratio of 3.20 and a beta of 1.05. The company has a debt-to-equity ratio of 16.90, a current ratio of 1.47 and a quick ratio of 1.24.
S&P Global (NYSE:SPGI) last released its quarterly 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. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business earned $2.43 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc will post 10.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.68 annualized dividend and a yield of 0.77%. S&P Global’s payout ratio is 28.12%.
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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