K.J. Harrison & Partners Inc acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel reports. The institutional investor acquired 7,000 shares of the company’s stock, valued at approximately $751,000.

Other institutional investors have also made changes to their positions in the company. Bristol John W & Co. Inc. NY purchased a new position in shares of S&P Global during the second quarter valued at about $72,200,000. New York State Teachers Retirement System purchased a new position in shares of S&P Global during the second quarter valued at about $49,939,000. Packer & Co Ltd purchased a new position in shares of S&P Global during the second quarter valued at about $33,904,000. Nordea Investment Management AB purchased a new position in shares of S&P Global during the second quarter valued at about $27,198,000. Finally, Verde Servicos Internacionais S.A. purchased a new position in shares of S&P Global during the second quarter valued at about $27,033,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Inc. (NYSE:SPGI) traded down 0.57% during trading on Thursday, hitting $126.83. The stock had a trading volume of 1,155,060 shares. The firm has a market cap of $33.48 billion, a PE ratio of 29.10 and a beta of 1.22. The company’s 50-day moving average is $122.40 and its 200 day moving average is $110.00. S&P Global Inc. has a 52 week low of $78.55 and a 52 week high of $128.40.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The company earned $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 earnings per share. Equities analysts expect that S&P Global Inc. will post $5.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.44 annualized dividend and a yield of 1.14%. S&P Global’s dividend payout ratio (DPR) is presently 32.95%.

A number of equities analysts have recently weighed in on the stock. Barclays PLC upgraded shares of S&P Global from an “equal weight” rating to an “overweight” rating and set a $145.00 target price on the stock in a report on Wednesday. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday. Cantor Fitzgerald set a $117.00 target price on shares of S&P Global and gave the company a “buy” rating in a report on Thursday, July 28th. Macquarie assumed coverage on shares of S&P Global in a report on Thursday, August 25th. They issued an “outperform” rating and a $140.00 target price on the stock. Finally, Argus upped their target price on shares of S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $131.43.

In other news, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value of $61,540.00. Following the completion of the sale, the senior vice president now directly owns 133 shares of the company’s stock, valued at $16,369.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Finbarr J. Oneill sold 36,674 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 50,772 shares of the company’s stock, valued at $6,141,888.84. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.

5 Day Chart for NYSE:SPGI

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