Americafirst Capital Management LLC Invests $150,000 in S&P Global Inc. (SPGI) Stock
Americafirst Capital Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 960 shares of the business services provider’s stock, valued at approximately $150,000.
A number of other institutional investors have also recently bought and sold shares of SPGI. BlackRock Inc. grew its stake in S&P Global by 11.3% in the 2nd quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after buying an additional 1,744,482 shares in the last quarter. Janus Henderson Group PLC grew its stake in S&P Global by 4,882.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock worth $254,755,000 after buying an additional 1,709,993 shares in the last quarter. AJO LP purchased a new position in S&P Global in the 2nd quarter worth approximately $130,724,000. Alliancebernstein L.P. grew its stake in S&P Global by 61.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock worth $268,235,000 after buying an additional 700,194 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in S&P Global by 109.6% in the 3rd quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock worth $184,888,000 after buying an additional 618,411 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Courtney Geduldig sold 1,404 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now directly owns 1,259 shares in the company, valued at approximately $200,659.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $1,104,704 over the last quarter. 0.20% of the stock is currently owned by company insiders.
Shares of S&P Global Inc. (SPGI) traded up $1.43 during trading on Friday, hitting $169.05. 1,710,000 shares of the stock were exchanged, compared to its average volume of 1,070,000. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $174.07. The stock has a market cap of $43,480.00, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.02 and a beta of 1.51. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. analysts predict that S&P Global Inc. will post 6.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, November 27th. This represents a $1.64 dividend on an annualized basis and a yield of 0.97%. S&P Global’s dividend payout ratio is currently 24.08%.
A number of equities analysts have commented on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $177.00 price target on shares of S&P Global in a research note on Thursday, October 26th. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Thursday, September 21st. BidaskClub cut shares of S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Wells Fargo & Company upped their price objective on shares of S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, UBS upped their price objective on shares of S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. S&P Global has a consensus rating of “Buy” and a consensus price target of $168.73.
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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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