Cypress Capital Group Has $3.89 Million Stake in S&P Global Inc (SPGI)

Cypress Capital Group trimmed its stake in shares of S&P Global Inc (NYSE:SPGI) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,100 shares of the business services provider’s stock after selling 809 shares during the period. Cypress Capital Group’s holdings in S&P Global were worth $3,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in S&P Global by 3.0% during the first quarter. BlackRock Inc. now owns 18,614,680 shares of the business services provider’s stock valued at $3,556,522,000 after buying an additional 536,165 shares during the period. FMR LLC raised its position in S&P Global by 6.4% during the second quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock valued at $2,181,285,000 after buying an additional 642,229 shares during the period. Edgewood Management LLC raised its position in S&P Global by 1.7% during the second quarter. Edgewood Management LLC now owns 6,456,118 shares of the business services provider’s stock valued at $1,316,338,000 after buying an additional 110,924 shares during the period. JPMorgan Chase & Co. raised its position in S&P Global by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 5,722,896 shares of the business services provider’s stock valued at $1,093,416,000 after buying an additional 703,369 shares during the period. Finally, Mawer Investment Management Ltd. raised its position in S&P Global by 0.8% during the second quarter. Mawer Investment Management Ltd. now owns 1,866,387 shares of the business services provider’s stock valued at $380,538,000 after buying an additional 14,358 shares during the period. 83.55% of the stock is owned by institutional investors and hedge funds.

Shares of SPGI stock opened at $213.95 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75. S&P Global Inc has a fifty-two week low of $153.25 and a fifty-two week high of $217.31. The stock has a market capitalization of $52.81 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.97 and a beta of 1.22.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.04. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. equities research analysts expect that S&P Global Inc will post 8.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Tuesday, August 28th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, August 27th. S&P Global’s payout ratio is currently 29.03%.

Several research analysts recently weighed in on SPGI shares. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Atlantic Securities lowered S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Morgan Stanley upped their price target on S&P Global from $217.00 to $219.00 and gave the company an “equal weight” rating in a research report on Friday, July 27th. BMO Capital Markets upped their price target on S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. Finally, Stifel Nicolaus upped their price target on S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. S&P Global presently has a consensus rating of “Buy” and an average price target of $202.93.

In other news, 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 transaction of $71,172.50. Following the transaction, the senior vice president now owns 531 shares of the company’s stock, valued at approximately $107,978.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

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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