Robecosam AG lifted its stake in shares of S&P Global Inc (NYSE:SPGI) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,912 shares of the business services provider’s stock after acquiring an additional 806 shares during the quarter. Robecosam AG’s holdings in S&P Global were worth $664,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of S&P Global by 2.3% during the fourth quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after acquiring an additional 401,826 shares during the period. Edgewood Management LLC boosted its holdings in S&P Global by 2.4% during the third quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock worth $941,843,000 after buying an additional 141,206 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in S&P Global by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock worth $687,694,000 after buying an additional 157,161 shares in the last quarter. Deutsche Bank AG boosted its holdings in S&P Global by 3.0% during the fourth quarter. Deutsche Bank AG now owns 4,163,495 shares of the business services provider’s stock worth $705,291,000 after buying an additional 120,354 shares in the last quarter. Finally, Independent Franchise Partners LLP boosted its holdings in S&P Global by 1.5% during the fourth quarter. Independent Franchise Partners LLP now owns 3,827,389 shares of the business services provider’s stock worth $648,359,000 after buying an additional 57,846 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.
In related news, SVP Nancy Luquette sold 890 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total value of $167,791.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John L. Berisford sold 15,902 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the completion of the transaction, the insider now directly owns 25,455 shares of the company’s stock, valued at approximately $4,892,196.45. The disclosure for this sale can be found here. Insiders sold a total of 20,792 shares of company stock valued at $3,973,197 in the last ninety days. Company insiders own 0.20% of the company’s stock.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $1.28 EPS. The company’s revenue was up 13.6% on a year-over-year basis. analysts forecast that S&P Global Inc will post 8.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were paid a $0.50 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.02%. S&P Global’s dividend payout ratio (DPR) is currently 34.60%.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Cantor Fitzgerald raised their target price on shares of S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. BMO Capital Markets raised their target price on shares of S&P Global from $183.00 to $186.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Credit Suisse Group raised their target price on shares of S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $229.00 target price (up from $224.00) on shares of S&P Global in a report on Tuesday, February 13th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $190.36.
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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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