WealthTrust Fairport LLC held its stake 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 (SEC). The firm owned 2,680 shares of the business services provider’s stock at the end of the second quarter. WealthTrust Fairport LLC’s holdings in S&P Global were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in SPGI. State of Alaska Department of Revenue acquired a new stake in S&P Global in the first quarter valued at approximately $125,000. Russell Investments Group Ltd. lifted its stake in shares of S&P Global by 33.6% during the first quarter. Russell Investments Group Ltd. now owns 67,534 shares of the business services provider’s stock worth $8,834,000 after buying an additional 16,973 shares during the period. Advisory Services Network LLC acquired a new stake in shares of S&P Global during the first quarter worth $101,000. Eqis Capital Management Inc. lifted its stake in shares of S&P Global by 116.7% during the first quarter. Eqis Capital Management Inc. now owns 4,594 shares of the business services provider’s stock worth $601,000 after buying an additional 2,474 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in shares of S&P Global during the first quarter worth $1,198,000. Institutional investors own 85.39% of the company’s stock.
Shares of S&P Global Inc. (NYSE SPGI) traded down 0.15% during mid-day trading on Wednesday, reaching $153.37. 271,019 shares of the company traded hands. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35. The company has a market capitalization of $39.42 billion, a P/E ratio of 17.87 and a beta of 1.51. The stock’s 50-day moving average is $151.90 and its 200-day moving average is $141.73.
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, beating analysts’ consensus estimates of $1.57 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. On average, equities analysts predict that S&P Global Inc. will post $6.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.07%. S&P Global’s dividend payout ratio is 19.16%.
SPGI has been the subject of a number of research reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Tuesday, August 29th. Barclays PLC boosted their target price on shares of S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. BMO Capital Markets boosted their target price on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. UBS AG lifted their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $155.50.
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In other news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.
S&P Global Company Profile
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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