Tokio Marine Asset Management Co. Ltd. Buys Shares of 8,433 S&P Global Inc. (SPGI)
Tokio Marine Asset Management Co. Ltd. acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel reports. The institutional investor acquired 8,433 shares of the company’s stock, valued at approximately $905,000.
Other large investors also recently bought and sold shares of the company. West Oak Capital LLC acquired a new stake in shares of S&P Global during the second quarter worth $139,000. Meeder Asset Management Inc. acquired a new stake in shares of S&P Global during the second quarter worth $147,000. Arcadia Investment Management Corp MI acquired a new stake in shares of S&P Global during the second quarter worth $180,000. Trust Co. of Vermont acquired a new stake in shares of S&P Global during the second quarter worth $208,000. Finally, Security National Trust Co. acquired a new stake in shares of S&P Global during the second quarter worth $211,000. 84.81% of the stock is owned by institutional investors and hedge funds.
Shares of S&P Global Inc. (NYSE:SPGI) traded down 0.04% during trading on Wednesday, hitting $124.15. The stock had a trading volume of 1,009,901 shares. The firm has a 50 day moving average of $123.77 and a 200 day moving average of $112.12. S&P Global Inc. has a 1-year low of $78.55 and a 1-year high of $128.40. The company has a market capitalization of $32.78 billion, a price-to-earnings ratio of 28.48 and a beta of 1.28.
S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 28th. The company reported $1.44 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $1.42 billion. During the same period last year, the company posted $1.21 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts expect that S&P Global Inc. will post $5.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were paid a $0.36 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. S&P Global’s dividend payout ratio (DPR) is presently 32.95%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Argus boosted their price objective on S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Barclays PLC upgraded S&P Global from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, September 21st. Credit Suisse Group AG began coverage on S&P Global in a report on Monday, July 11th. They set an “outperform” rating and a $123.00 price objective on the stock. Finally, Cantor Fitzgerald restated a “buy” rating on shares of S&P Global in a report on Friday, August 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and a consensus target price of $131.29.
In other news, insider Finbarr J. Oneill sold 36,674 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was 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 in the company, valued at $6,141,888.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were 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 owns 133 shares of the company’s stock, valued at $16,369.64. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.
About S&P Global
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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