Pittenger & Anderson Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,745 shares of the business services provider’s stock after selling 120 shares during the quarter. Pittenger & Anderson Inc.’s holdings in S&P Global were worth $4,050,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock valued at $2,020,285,000 after acquiring an additional 14,667,076 shares in the last quarter. Marshall Wace North America L.P. bought a new position in S&P Global in the first quarter worth about $170,025,000. Vanguard Group Inc. raised its holdings in S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock worth $2,535,747,000 after purchasing an additional 740,631 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in S&P Global in the first quarter worth about $87,138,000. Finally, Montag & Caldwell LLC bought a new position in S&P Global in the first quarter worth about $80,700,000. 85.34% of the stock is owned by institutional investors.
S&P Global Inc. (SPGI) opened at 156.82 on Friday. The stock’s 50 day moving average is $151.93 and its 200 day moving average is $142.61. The firm has a market cap of $40.30 billion, a P/E ratio of 18.27 and a beta of 1.51. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.57 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post $6.34 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is 19.16%.
A number of brokerages have commented on SPGI. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Thursday. Barclays PLC boosted their target price on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. UBS AG boosted their target price on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 28th. BMO Capital Markets upped their price objective on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $157.50.
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In other S&P Global news, SVP Nancy Luquette sold 860 shares of S&P Global stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the transaction, the senior vice president now owns 106 shares of the company’s stock, valued at $16,059. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.
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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