S&P Global Inc. (SPGI) Stake Increased by Stevens Capital Management LP
Stevens Capital Management LP grew its position in S&P Global Inc. (NYSE:SPGI) by 36.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,769 shares of the business services provider’s stock after buying an additional 19,294 shares during the period. Stevens Capital Management LP’s holdings in S&P Global were worth $10,624,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SPGI. American Beacon Advisors Inc. bought a new stake in shares of S&P Global in the 1st quarter valued at about $103,000. Penserra Capital Management LLC bought a new stake in shares of S&P Global in the 2nd quarter valued at about $106,000. Guardian Life Insurance Co. of America boosted its holdings in shares of S&P Global by 1.0% in the 1st 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 in the last quarter. Parallel Advisors LLC boosted its holdings in shares of S&P Global by 5.4% in the 1st 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 in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in shares of S&P Global by 1,214.1% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock valued at $134,000 after buying an additional 947 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.
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A number of analysts have recently weighed in on the stock. Barclays PLC raised their price target on shares of S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets raised their price target on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, July 28th. UBS AG lifted their target price on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 target price (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $157.00.
S&P Global Inc. (NYSE:SPGI) traded up 0.18% during trading on Friday, reaching $154.00. 1,085,879 shares of the company’s stock were exchanged. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35. The stock has a 50-day moving average of $151.84 and a 200-day moving average of $142.07. The stock has a market capitalization of $39.58 billion, a PE ratio of 17.94 and a beta of 1.51.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The company had revenue of $1.51 billion for 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%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post $6.34 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were paid a $0.41 dividend. The ex-dividend date was Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.06%. S&P Global’s dividend payout ratio is currently 19.16%.
In other news, SVP Nancy Luquette sold 860 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the sale, the senior vice president now directly owns 106 shares of the company’s stock, valued at $16,059. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
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.
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