Daiwa Securities Group Inc. bought a new stake in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,300 shares of the company’s stock, valued at approximately $1,641,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. acquired a new position in S&P Global during the second quarter valued at about $1,099,000. Capital One National Association acquired a new position in S&P Global during the second quarter valued at about $591,000. Security National Trust Co. acquired a new position in S&P Global during the second quarter valued at about $211,000. Pensionfund DSM Netherlands acquired a new position in S&P Global during the second quarter valued at about $4,344,000. Finally, Cape Cod Five Cents Savings Bank acquired a new position in S&P Global during the second quarter valued at about $2,842,000. 84.81% of the stock is owned by hedge funds and other institutional investors.
S&P Global Inc. (NYSE:SPGI) traded down 1.46% during mid-day trading on Friday, reaching $124.98. The company’s stock had a trading volume of 927,869 shares. S&P Global Inc. has a 12 month low of $78.55 and a 12 month high of $128.40. The firm has a market capitalization of $32.99 billion, a PE ratio of 28.67 and a beta of 1.22. The stock’s 50-day moving average is $122.55 and its 200-day moving average is $110.22.
S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 28th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. The company earned $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post $5.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. S&P Global’s dividend payout ratio is presently 32.95%.
SPGI has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating on shares of S&P Global in a research report on Friday, August 19th. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Barclays PLC boosted their target price on S&P Global from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $120.00 target price on shares of S&P Global in a report on Tuesday, July 19th. Finally, Argus boosted their target price on S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and an average target price of $131.43.
In related news, SVP Nancy Luquette sold 500 shares of S&P Global stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value of $61,540.00. Following the completion of the transaction, the senior vice president now directly owns 133 shares in the company, valued at $16,369.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Finbarr J. Oneill sold 36,674 shares of S&P Global stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $120.97, for a total value of $4,436,453.78. Following the completion of the transaction, the insider now owns 50,772 shares of the company’s stock, valued at $6,141,888.84. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate 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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