Whittier Trust Co. held its stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,556 shares of the business services provider’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in S&P Global were worth $227,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of S&P Global during the first quarter worth about $101,000. American Beacon Advisors Inc. acquired a new position in shares of S&P Global during the first quarter worth about $103,000. State of Alaska Department of Revenue acquired a new position in shares of S&P Global during the first quarter worth about $125,000. Guardian Life Insurance Co. of America boosted its position in shares of 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 worth $131,000 after buying an additional 10 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after buying an additional 50 shares in the last quarter. 84.35% of the stock is owned by hedge funds and other institutional investors.
Shares of S&P Global Inc. (SPGI) traded up 0.09% during midday trading on Friday, hitting $150.10. 1,615,666 shares of the company were exchanged. The company has a market capitalization of $38.58 billion, a P/E ratio of 17.49 and a beta of 1.52. The company has a 50-day moving average of $150.57 and a 200 day moving average of $138.54. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.44 earnings per share. On average, equities research analysts expect 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 will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, August 24th. S&P Global’s payout ratio is 19.16%.
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A number of equities analysts have recently issued reports on SPGI shares. UBS AG increased their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Monday, July 17th. Argus restated a “buy” rating and issued a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Morgan Stanley restated an “equal weight” rating and issued a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Finally, BMO Capital Markets increased their price objective on shares of S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. S&P Global presently has an average rating of “Buy” and an average price target of $153.73.
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, with a total value of $56,036.00. Following the completion of the purchase, the director now owns 400 shares in the company, valued at $56,036. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently 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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