Squarepoint Ops LLC bought a new position in shares of S&P Global Inc (NYSE:SPGI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,358 shares of the business services provider’s stock, valued at approximately $20,911,000.
Several other institutional investors also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its position in shares of S&P Global by 43,397.5% in the second quarter. Nuveen Asset Management LLC now owns 2,953,477 shares of the business services provider’s stock valued at $672,772,000 after acquiring an additional 2,946,687 shares during the period. Rothschild & Co Wealth Management UK Ltd purchased a new position in shares of S&P Global during the 2nd quarter valued at $364,516,000. Investec Asset Management LTD grew its position in shares of S&P Global by 42.6% during the 2nd quarter. Investec Asset Management LTD now owns 1,148,916 shares of the business services provider’s stock valued at $261,712,000 after purchasing an additional 343,143 shares in the last quarter. BlackRock Inc. increased its holdings in shares of S&P Global by 2.1% in the second quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock worth $3,805,622,000 after purchasing an additional 339,310 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of S&P Global by 149.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 451,631 shares of the business services provider’s stock worth $102,877,000 after purchasing an additional 270,750 shares during the period. 82.61% of the stock is owned by hedge funds and other institutional investors.
SPGI stock traded up $2.84 during mid-day trading on Friday, hitting $274.38. 1,542,497 shares of the stock were exchanged, compared to its average volume of 1,198,598. The stock has a market capitalization of $67.06 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.82 and a beta of 1.06. The company has a debt-to-equity ratio of 8.91, a current ratio of 1.10 and a quick ratio of 1.10. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $275.75. The business has a fifty day moving average price of $258.58 and a 200 day moving average price of $245.93.
S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, October 29th. The business services provider reported $2.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.12. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. S&P Global had a return on equity of 448.14% and a net margin of 32.22%. S&P Global’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS. As a group, equities analysts forecast that S&P Global Inc will post 9.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.57 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.83%. S&P Global’s payout ratio is 26.82%.
In related news, CTO Nicholas Cafferillo sold 3,219 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $257.90, for a total transaction of $830,180.10. Following the transaction, the chief technology officer now directly owns 2,707 shares in the company, valued at approximately $698,135.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,098 shares of S&P Global stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $262.10, for a total value of $287,785.80. Following the completion of the transaction, the chief executive officer now directly owns 20,465 shares in the company, valued at $5,363,876.50. The disclosure for this sale can be found here. Insiders sold a total of 6,077 shares of company stock valued at $1,565,992 in the last ninety days. 0.20% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on the company. ValuEngine lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Edward Jones initiated coverage on S&P Global in a research note on Wednesday, September 11th. They issued a “buy” rating on the stock. BMO Capital Markets lifted their price target on S&P Global to $266.00 in a research report on Wednesday, October 30th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Wednesday, October 30th. Finally, Jefferies Financial Group started coverage on shares of S&P Global in a research report on Thursday, November 21st. They issued a “buy” rating and a $298.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $264.83.
S&P Global Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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