Arizona State Retirement System cut its stake in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,351 shares of the business services provider’s stock after selling 2,820 shares during the period. Arizona State Retirement System’s holdings in S&P Global were worth $28,810,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of SPGI. Bishop Rock Capital L.P. increased its holdings in S&P Global by 15,444.3% in the second quarter. Bishop Rock Capital L.P. now owns 5,570,928 shares of the business services provider’s stock valued at $16,528,000 after purchasing an additional 5,535,089 shares during the period. Clearbridge Investments LLC lifted its stake in shares of S&P Global by 11,089.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock valued at $914,794,000 after purchasing an additional 2,210,296 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of S&P Global by 60.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,490,342 shares of the business services provider’s stock valued at $1,850,574,000 after purchasing an additional 2,065,830 shares in the last quarter. Northern Trust Corp grew its stake in S&P Global by 39.5% during the first quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock worth $1,529,100,000 after purchasing an additional 1,056,097 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in S&P Global by 49.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,801,772 shares of the business services provider’s stock worth $739,051,000 after purchasing an additional 594,474 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on SPGI. Deutsche Bank Aktiengesellschaft increased their price target on S&P Global from $362.00 to $379.00 in a report on Monday, December 5th. Stifel Nicolaus lowered their target price on S&P Global from $403.00 to $366.00 and set a “buy” rating on the stock in a research report on Wednesday, October 12th. Barclays upped their target price on S&P Global from $385.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, December 2nd. Morgan Stanley decreased their price target on S&P Global from $390.00 to $388.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. Finally, Atlantic Securities upgraded S&P Global from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $356.00 to $386.00 in a report on Monday, November 7th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $395.06.
S&P Global Stock Performance
NYSE:SPGI traded up $1.45 during trading on Thursday, reaching $367.83. The company’s stock had a trading volume of 143,995 shares, compared to its average volume of 1,348,329. The firm has a market cap of $119.84 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.46 and a beta of 1.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a 50 day moving average of $350.11 and a 200-day moving average of $345.40. S&P Global Inc. has a 12 month low of $279.32 and a 12 month high of $423.55.
S&P Global (NYSE:SPGI – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.14. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.91 billion. S&P Global had a return on equity of 12.47% and a net margin of 33.78%. Research analysts expect that S&P Global Inc. will post 11.1 EPS for the current fiscal year.
S&P Global Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.90 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $3.60 annualized dividend and a dividend yield of 0.98%. S&P Global’s dividend payout ratio is presently 28.43%.
Insider Transactions at S&P Global
In other news, SVP Christopher Craig sold 1,055 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $350.02, for a total transaction of $369,271.10. Following the completion of the transaction, the senior vice president now owns 6,288 shares in the company, valued at approximately $2,200,925.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.
S&P Global Profile
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through the following business segments: Ratings, Market Intelligence, Platts, and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.
- Get a free copy of the StockNews.com research report on S&P Global (SPGI)
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