UBS Asset Management Americas Inc. Purchases 33,712 Shares of S&P Global Inc. (SPGI)
UBS Asset Management Americas Inc. raised its position in S&P Global Inc. (NYSE:SPGI) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 720,101 shares of the business services provider’s stock after acquiring an additional 33,712 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.28% of S&P Global worth $105,128,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of SPGI. Penserra Capital Management LLC purchased a new stake in shares of S&P Global during the 2nd quarter worth approximately $106,000. American Beacon Advisors Inc. purchased a new stake in shares of S&P Global during the 1st quarter worth approximately $103,000. Parallel Advisors LLC lifted its position in shares of S&P Global by 5.4% during the 1st 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. Guardian Life Insurance Co. of America lifted its position in shares of S&P Global by 1.0% during the 1st 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. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of S&P Global by 1,214.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock worth $134,000 after buying an additional 947 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.
S&P Global Inc. (NYSE:SPGI) opened at 155.85 on Thursday. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35. The firm has a market capitalization of $40.05 billion, a PE ratio of 18.16 and a beta of 1.51. The stock has a 50 day moving average of $151.93 and a 200-day moving average of $142.61.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts predict that S&P Global Inc. will post $6.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.
SPGI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Tuesday, August 29th. Barclays PLC boosted their price objective on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. BMO Capital Markets boosted their price objective 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 objective on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. S&P Global presently has a consensus rating of “Buy” and a consensus target price of $157.00.
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In related news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the transaction, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.
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