Jackson Park Capital LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, Holdings Channel reports. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $1,502,000. S&P Global makes up approximately 2.1% of Jackson Park Capital LLC’s portfolio, making the stock its 24th largest position.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. West Oak Capital LLC purchased a new position in shares of S&P Global during the second quarter valued at approximately $139,000. Quadrant Capital Group LLC bought a new stake in S&P Global during the second quarter worth $146,000. Meeder Asset Management Inc. bought a new stake in S&P Global during the second quarter worth $147,000. Whittier Trust Co. bought a new stake in S&P Global during the second quarter worth $157,000. Finally, Arcadia Investment Management Corp MI bought a new stake in S&P Global during the second quarter worth $180,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
Shares of S&P Global Inc. (NYSE:SPGI) traded down 0.64% during mid-day trading on Friday, hitting $124.24. 462,698 shares of the company traded hands. The firm’s 50 day moving average price is $123.91 and its 200-day moving average price is $112.21. S&P Global Inc. has a 1-year low of $78.55 and a 1-year high of $128.40. The stock has a market capitalization of $32.80 billion, a PE ratio of 28.50 and a beta of 1.28.
S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. S&P Global had a net margin of 21.32% and a return on equity of 320.10%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts forecast that S&P Global Inc. will post $5.20 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, August 24th. S&P Global’s dividend payout ratio is presently 32.95%.
A number of research firms have weighed in on SPGI. Credit Suisse Group AG began coverage on shares of S&P Global in a research note on Monday, July 11th. They set an “outperform” rating and a $123.00 target price on the stock. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Macquarie began coverage on shares of S&P Global in a research note on Thursday, August 25th. They set an “outperform” rating and a $140.00 target price on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $115.00 target price on shares of S&P Global in a research note on Tuesday, June 28th. Finally, Argus boosted their target price on shares of S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. S&P Global has a consensus rating of “Buy” and a consensus target price of $131.29.
In other news, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $123.08, for a total transaction of $61,540.00. Following the sale, the senior vice president now owns 133 shares in the company, valued at approximately $16,369.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Finbarr J. Oneill sold 36,674 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $120.97, for a total transaction of $4,436,453.78. Following the sale, the insider now owns 50,772 shares in the company, valued at approximately $6,141,888.84. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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