Acadian Asset Management LLC Buys 3,766 Shares of S&P Global Inc. (SPGI)
Acadian Asset Management LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 678.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,321 shares of the business services provider’s stock after buying an additional 3,766 shares during the period. Acadian Asset Management LLC’s holdings in S&P Global were worth $631,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position in shares of 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 worth $131,000 after buying an additional 10 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock worth $1,017,000 after buying an additional 30 shares during the last quarter. TNB Financial boosted its position in shares of S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock worth $321,000 after buying an additional 42 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after buying an additional 50 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of S&P Global by 0.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,910 shares of the business services provider’s stock worth $845,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 85.62% of the company’s stock.
S&P Global Inc. (SPGI) traded up 0.05% on Friday, hitting $148.41. The stock had a trading volume of 951,260 shares. The company has a 50-day moving average price of $149.99 and a 200 day moving average price of $137.44. The firm has a market cap of $38.14 billion, a PE ratio of 17.29 and a beta of 1.52. S&P Global Inc. has a 52-week low of $107.21 and a 52-week high of $158.35.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.11%. S&P Global’s dividend payout ratio is presently 19.16%.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/13/acadian-asset-management-llc-buys-3766-shares-of-sp-global-inc-spgi.html.
A number of brokerages have issued reports on SPGI. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets lifted their price objective on S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $153.00 price objective (up previously from $139.00) on shares of S&P Global in a research note on Wednesday, April 26th. Raymond James Financial, Inc. upgraded S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Monday, April 17th. Finally, Argus reiterated a “buy” rating and set a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $153.82.
In other S&P Global news, Director Marco Alvera acquired 400 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the acquisition, the director now owns 400 shares in the company, valued at approximately $56,036. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
About S&P Global
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.
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI).
Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.