Teachers Retirement System of The State of Kentucky Buys 8,250 Shares of S&P Global Inc. (SPGI)
Teachers Retirement System of The State of Kentucky increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,147 shares of the business services provider’s stock after buying an additional 8,250 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.08% of S&P Global worth $28,635,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Koch Industries Inc. bought a new stake in S&P Global during the first quarter worth $365,000. Schwab Charles Investment Management Inc. grew its holdings in S&P Global by 5.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 815,937 shares of the business services provider’s stock worth $106,676,000 after buying an additional 38,665 shares in the last quarter. Bridgewater Associates LP bought a new stake in S&P Global during the first quarter worth $3,860,000. Israel Discount Bank of New York bought a new stake in S&P Global during the first quarter worth $222,000. Finally, Davis Selected Advisers grew its holdings in S&P Global by 2.7% during the second quarter. Davis Selected Advisers now owns 181,288 shares of the business services provider’s stock worth $26,466,000 after buying an additional 4,810 shares in the last quarter. Institutional investors and hedge funds 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, reaching $156.82. The company’s stock had a trading volume of 820,964 shares. 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 $151.93 and a 200 day moving average of $142.61. The company 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 (NYSE:SPGI) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 202.37% and a net margin of 38.78%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. On average, equities research analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, August 24th. S&P Global’s payout ratio is 19.16%.
Several equities research analysts recently issued reports on SPGI shares. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets upped their price target on S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Barclays PLC upped their price target on S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. Argus reiterated a “buy” rating and set a $158.00 price target (up previously from $150.00) on shares of S&P Global in a report on Monday, May 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $146.00 price target (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. S&P Global presently has an average rating of “Buy” and a consensus target price of $157.50.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of S&P Global 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 completion of the sale, the senior vice president now owns 106 shares of the company’s stock, valued at approximately $16,059. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.
S&P Global 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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