S&P Global Inc. (SPGI) Stake Raised by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 32.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 635,271 shares of the business services provider’s stock after buying an additional 155,726 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.25% of S&P Global worth $92,743,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of SPGI. BlackRock Inc. increased its holdings in S&P Global by 1,866.9% during the 1st quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock worth $2,020,285,000 after purchasing an additional 14,667,076 shares during the period. Marshall Wace North America L.P. purchased a new position in S&P Global during the 1st quarter worth $170,025,000. AJO LP purchased a new position in S&P Global during the 2nd quarter worth $130,724,000. Vanguard Group Inc. increased its holdings in S&P Global by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock worth $2,535,747,000 after purchasing an additional 740,631 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in S&P Global by 61.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock worth $268,235,000 after purchasing an additional 700,194 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.
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Shares of S&P Global Inc. (NYSE:SPGI) traded up 0.69% on Friday, hitting $156.82. The stock had a trading volume of 820,964 shares. The firm has a market cap of $40.30 billion, a price-to-earnings ratio of 18.27 and a beta of 1.51. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35. 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 posted its earnings results 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. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. S&P Global’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. Equities analysts predict that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.
In related news, SVP Nancy Luquette sold 860 shares of the stock in a transaction 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 transaction, the senior vice president now 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 accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Several research analysts have commented on SPGI shares. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Monday, July 17th. Barclays PLC raised their price objective on S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Argus restated a “buy” rating and set a $158.00 price objective (up from $150.00) on shares of S&P Global in a report on Monday, May 29th. Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up from $145.00) on shares of S&P Global in a report on Friday, July 14th. Finally, BMO Capital Markets raised their price objective on S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a report on Friday, July 14th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. S&P Global has an average rating of “Buy” and an average price target of $157.50.
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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