Brown Advisory Inc. Invests $2,984,000 in S&P Global Inc. (SPGI)
Brown Advisory Inc. purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel reports. The institutional investor purchased 27,823 shares of the company’s stock, valued at approximately $2,984,000.
Other hedge funds have also bought and sold shares of the company. Bank of Stockton purchased a new position in S&P Global during the second quarter worth about $373,000. Packer & Co Ltd purchased a new position in S&P Global during the second quarter worth about $33,904,000. Chevy Chase Trust Holdings Inc. purchased a new position in S&P Global during the second quarter worth about $24,263,000. Richard Bernstein Advisors LLC purchased a new position in S&P Global during the second quarter worth about $2,578,000. Finally, Exxonmobil Investment Management Inc. TX purchased a new position in S&P Global during the second quarter worth about $7,346,000. 84.81% of the stock is owned by institutional investors and hedge funds.
Shares of S&P Global Inc. (NYSE:SPGI) traded down 0.01% during trading on Thursday, hitting $127.55. 197,315 shares of the company traded hands. S&P Global Inc. has a 52 week low of $78.55 and a 52 week high of $128.40. The company has a market capitalization of $33.67 billion, a price-to-earnings ratio of 29.26 and a beta of 1.22. The company has a 50 day moving average price of $122.22 and a 200 day moving average price of $109.88.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. The firm earned $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a net margin of 21.32% and a return on equity of 320.10%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $1.21 EPS. On average, analysts expect that S&P Global Inc. will post $5.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were issued a $0.36 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. S&P Global’s dividend payout ratio (DPR) is presently 32.95%.
A number of equities analysts have issued reports on SPGI shares. Barclays PLC restated an “overweight” rating and issued a $115.00 price objective on shares of S&P Global in a research report on Tuesday, June 28th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Wednesday, June 29th. Credit Suisse Group AG started coverage on shares of S&P Global in a research report on Monday, July 11th. They issued an “outperform” rating and a $123.00 price objective on the stock. Morgan Stanley restated an “equal weight” rating and issued a $120.00 price objective on shares of S&P Global in a research report on Tuesday, July 19th. Finally, Cantor Fitzgerald set a $117.00 price objective on shares of S&P Global and gave the company a “buy” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $131.43.
In related news, insider Finbarr J. Oneill sold 36,674 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $120.97, for a total value of $4,436,453.78. Following the transaction, the insider now owns 50,772 shares of the company’s stock, valued at approximately $6,141,888.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the completion of the transaction, the senior vice president now directly owns 133 shares in the company, valued at approximately $16,369.64. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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