S&P Global Inc. (NYSE:SPGI) Position Maintained by Ingalls & Snyder LLC
Ingalls & Snyder LLC maintained its stake in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,625 shares of the business services provider’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in S&P Global were worth $383,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in S&P Global during the first quarter valued at approximately $101,000. American Beacon Advisors Inc. acquired a new stake in S&P Global during the first quarter valued at approximately $103,000. State of Alaska Department of Revenue acquired a new stake in S&P Global during the first quarter valued at approximately $125,000. Parallel Advisors LLC increased its stake in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after buying an additional 50 shares during the last quarter. Finally, Guardian Life Insurance Co. of America increased its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. 85.62% of the stock is owned by institutional investors.
S&P Global Inc. (NYSE SPGI) opened at 150.95 on Tuesday. The stock has a market capitalization of $38.79 billion, a PE ratio of 17.59 and a beta of 1.52. The company’s 50-day moving average is $149.31 and its 200 day moving average is $135.87. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. S&P Global’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS. On average, equities research analysts expect that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.09%. S&P Global’s dividend payout ratio is currently 19.16%.
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Several research firms have recently commented on SPGI. BMO Capital Markets boosted their target price on shares of S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. UBS AG boosted their price target on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $146.00 price target (up from $145.00) on shares of S&P Global in a report on Friday, July 14th. Barclays PLC boosted their price target on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Finally, Argus restated a “buy” rating and set a $158.00 price target (up from $150.00) on shares of S&P Global in a report on Monday, May 29th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $153.82.
In other news, Director Marco Alvera acquired 400 shares of S&P Global stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $140.09 per share, for a total transaction of $56,036.00. Following the purchase, the director now owns 400 shares in the company, valued at $56,036. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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