Castleark Management LLC Increases Stake in S&P Global Inc (SPGI)

Castleark Management LLC grew its position in S&P Global Inc (NYSE:SPGI) by 52.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 170,796 shares of the business services provider’s stock after acquiring an additional 58,433 shares during the period. S&P Global accounts for approximately 1.1% of Castleark Management LLC’s investment portfolio, making the stock its 23rd biggest position. Castleark Management LLC owned 0.07% of S&P Global worth $34,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPGI. JPMorgan Chase & Co. lifted its stake in shares of S&P Global by 14.0% in the 1st quarter. JPMorgan Chase & Co. now owns 5,722,896 shares of the business services provider’s stock valued at $1,093,416,000 after acquiring an additional 703,369 shares during the last quarter. FMR LLC lifted its stake in shares of S&P Global by 6.4% in the 2nd quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock valued at $2,181,285,000 after acquiring an additional 642,229 shares during the last quarter. BlackRock Inc. lifted its stake in shares of S&P Global by 3.0% in the 1st quarter. BlackRock Inc. now owns 18,614,680 shares of the business services provider’s stock valued at $3,556,522,000 after acquiring an additional 536,165 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of S&P Global by 29.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,677,100 shares of the business services provider’s stock valued at $341,944,000 after acquiring an additional 382,000 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of S&P Global by 3,985.1% in the 2nd quarter. Marshall Wace LLP now owns 389,800 shares of the business services provider’s stock valued at $79,476,000 after acquiring an additional 380,258 shares during the last quarter. Institutional investors own 83.55% of the company’s stock.

NYSE SPGI opened at $213.95 on Monday. The firm has a market capitalization of $52.81 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.97 and a beta of 1.22. S&P Global Inc has a twelve month low of $153.25 and a twelve month high of $217.31. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.27 and a quick ratio of 1.27.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.04. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. S&P Global’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 earnings per share. sell-side analysts anticipate that S&P Global Inc will post 8.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Tuesday, August 28th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. S&P Global’s payout ratio is 29.03%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total transaction of $805,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nancy Luquette sold 350 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total value of $71,172.50. Following the sale, the senior vice president now owns 531 shares of the company’s stock, valued at $107,978.85. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price target on S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a research note on Friday, July 27th. Morgan Stanley increased their price target on S&P Global from $205.00 to $214.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 29th. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, July 12th. BMO Capital Markets increased their price target on S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. Finally, Atlantic Securities cut S&P Global from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $202.93.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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