Teachers Advisors LLC boosted its position in shares of S&P Global Inc (NYSE:SPGI) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 386,464 shares of the business services provider’s stock after buying an additional 15,745 shares during the quarter. Teachers Advisors LLC owned approximately 0.15% of S&P Global worth $65,467,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in SPGI. USA Mutuals Advisors Inc. purchased a new position in S&P Global during the fourth quarter valued at $108,000. Financial Gravity Companies Inc. purchased a new position in shares of S&P Global in the fourth quarter worth about $115,000. Truewealth LLC purchased a new position in shares of S&P Global in the fourth quarter worth about $112,000. Cerebellum GP LLC purchased a new position in shares of S&P Global in the fourth quarter worth about $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of S&P Global by 89.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock worth $142,000 after buying an additional 396 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.
In other news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $187.30, for a total transaction of $749,200.00. Following the completion of the sale, the chief executive officer now owns 145,850 shares in the company, valued at approximately $27,317,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John L. Berisford sold 15,902 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the sale, the insider now owns 25,455 shares of the company’s stock, valued at approximately $4,892,196.45. The disclosure for this sale can be found here. Insiders sold 20,792 shares of company stock valued at $3,973,197 in the last quarter. 0.20% of the stock is owned by insiders.
SPGI has been the topic of several research reports. Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $185.00) on shares of S&P Global in a research note on Friday, December 15th. Stifel Nicolaus initiated coverage on shares of S&P Global in a research report on Tuesday, December 19th. They set a “hold” rating and a $186.00 price objective for the company. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating and set a $188.00 price objective for the company. in a research report on Friday, January 5th. Piper Jaffray raised their price objective on shares of S&P Global from $150.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 10th. Finally, Nomura initiated coverage on shares of S&P Global in a research report on Thursday, January 11th. They set a “neutral” rating and a $160.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. S&P Global currently has an average rating of “Buy” and an average price target of $190.36.
Shares of SPGI stock traded down $2.42 during trading on Friday, reaching $187.32. The company’s stock had a trading volume of 976,370 shares, compared to its average volume of 1,409,546. The company has a debt-to-equity ratio of 4.13, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $47,560.55, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.36. S&P Global Inc has a 1-year low of $128.26 and a 1-year high of $197.76.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. research analysts forecast that S&P Global Inc will post 8.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were paid a $0.50 dividend. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. This is an increase from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s payout ratio is currently 29.03%.
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S&P Global 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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