Washington Trust Bank cut its position in S&P Global Inc (NYSE:SPGI) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,800 shares of the business services provider’s stock after selling 20 shares during the period. Washington Trust Bank’s holdings in S&P Global were worth $235,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SPGI. Quadrant Capital Group LLC boosted its position in shares of S&P Global by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 1,440 shares of the business services provider’s stock worth $178,000 after buying an additional 18 shares during the last quarter. Capital One National Association boosted its position in shares of S&P Global by 0.3% in the third quarter. Capital One National Association now owns 5,523 shares of the business services provider’s stock worth $699,000 after buying an additional 19 shares during the last quarter. CENTRAL TRUST Co boosted its stake in S&P Global by 2.6% in the first quarter. CENTRAL TRUST Co now owns 3,786 shares of the business services provider’s stock worth $495,000 after buying an additional 96 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in S&P Global by 2.3% in the third quarter. Douglass Winthrop Advisors LLC now owns 8,184 shares of the business services provider’s stock worth $1,036,000 after buying an additional 184 shares in the last quarter. Finally, Dai Ichi Life Holdings Inc. boosted its stake in S&P Global by 0.8% in the third quarter. Dai Ichi Life Holdings Inc. now owns 25,628 shares of the business services provider’s stock worth $3,243,000 after buying an additional 214 shares in the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.
S&P Global Inc (NYSE:SPGI) traded up 0.50% on Friday, hitting $138.14. The stock had a trading volume of 752,265 shares. The company has a 50 day moving average of $133.43 and a 200 day moving average of $124.44. The company has a market capitalization of $35.61 billion, a PE ratio of 16.47 and a beta of 1.49. S&P Global Inc has a 12-month low of $99.15 and a 12-month high of $139.45.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 25th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.23. S&P Global had a net margin of 37.20% and a return on equity of 297.85%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts expect that S&P Global Inc will post $6.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 26th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, May 24th. S&P Global’s payout ratio is 18.11%.
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A number of research firms recently weighed in on SPGI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $153.00 price target (up from $139.00) on shares of S&P Global in a report on Wednesday, April 26th. Raymond James Financial, Inc. raised S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Monday, April 17th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Tuesday, April 11th. Piper Jaffray Companies reissued an “overweight” rating and issued a $160.00 target price (up from $137.00) on shares of S&P Global in a research note on Thursday, February 9th. Finally, Barclays PLC reissued an “overweight” rating and issued a $140.00 target price (up from $130.00) on shares of S&P Global in a research note on Thursday, February 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $140.78.
In related news, insider John L. Berisford sold 28,603 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $130.40, for a total transaction of $3,729,831.20. Following the transaction, the insider now owns 46,863 shares in the company, valued at $6,110,935.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephanie C. Hill purchased 400 shares of S&P Global stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average price of $130.85 per share, for a total transaction of $52,340.00. Following the transaction, the director now directly owns 400 shares of the company’s stock, valued at $52,340. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.
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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