Great West Life Assurance Co. Can increased its position in S&P Global Inc. (NYSE:SPGI) by 96.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 371,831 shares of the business services provider’s stock after buying an additional 182,391 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of S&P Global worth $54,190,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of S&P Global during the first quarter worth $101,000. American Beacon Advisors Inc. bought a new stake in shares of S&P Global during the first quarter worth $103,000. State of Alaska Department of Revenue bought a new stake in S&P Global during the first quarter valued at approximately $125,000. Parallel Advisors LLC raised its stake in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after buying an additional 50 shares during the period. Finally, Guardian Life Insurance Co. of America raised its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after buying an additional 10 shares during the period. Institutional investors own 85.62% of the company’s stock.
Shares of S&P Global Inc. (SPGI) traded up 0.05% during trading on Friday, hitting $148.41. 951,260 shares of the stock were exchanged. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35. The company has a market cap of $38.14 billion, a price-to-earnings ratio of 17.29 and a beta of 1.52. The stock’s 50 day moving average price is $149.99 and its 200-day moving average price is $137.44.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post $6.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.11%. S&P Global’s payout ratio is 19.16%.
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Several equities research analysts have recently commented on the company. BMO Capital Markets upped their price objective on S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. UBS AG upped their target price on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $146.00 target price (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a report on Monday, July 17th. Finally, Barclays PLC upped their target price on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $153.82.
In other S&P Global news, Director Marco Alvera bought 400 shares of the stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the purchase, the director now directly owns 400 shares in the company, valued at $56,036. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.
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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