Fayez Sarofim & Co. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 984,717 shares of the business services provider’s stock after acquiring an additional 2,630 shares during the period. Fayez Sarofim & Co. owned approximately 0.39% of S&P Global worth $153,921,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in S&P Global by 98.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,911 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 950 shares during the last quarter. First Quadrant L P CA bought a new position in S&P Global during the 2nd quarter valued at about $415,000. BTIM Corp. bought a new position in S&P Global during the 2nd quarter valued at about $671,000. Viking Fund Management LLC bought a new position in S&P Global during the 2nd quarter valued at about $292,000. Finally, Wright Investors Service Inc. bought a new position in S&P Global during the 2nd quarter valued at about $437,000. 85.58% of the stock is owned by institutional investors.
Several brokerages recently issued reports on SPGI. Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price target for the company. in a report on Friday, October 27th. Morgan Stanley lifted their price target on shares of S&P Global from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Friday, October 6th. Goldman Sachs Group reissued a “neutral” rating and set a $176.00 price target on shares of S&P Global in a report on Wednesday, October 18th. Finally, Barclays boosted their target price on shares of S&P Global from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $168.27.
Shares of S&P Global Inc. (SPGI) traded up $1.29 during midday trading on Monday, hitting $167.46. 1,213,874 shares of the company’s stock were exchanged, compared to its average volume of 1,114,830. S&P Global Inc. has a one year low of $107.21 and a one year high of $169.00. The company has a market capitalization of $42,373.35, a P/E ratio of 26.25, a PEG ratio of 2.00 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52.
S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. research analysts expect that S&P Global Inc. will post 6.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, November 27th. S&P Global’s dividend payout ratio is 24.08%.
In other news, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the completion of the sale, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Courtney Geduldig sold 1,404 shares of S&P Global stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the sale, the executive vice president now owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,000 shares of company stock valued at $1,104,704. 0.20% of the stock is owned by corporate insiders.
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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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