Delta Lloyd NV increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% during the third quarter, Holdings Channel reports. The fund owned 19,795 shares of the company’s stock after buying an additional 2,675 shares during the period. Delta Lloyd NV’s holdings in S&P Global were worth $2,505,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Bank of Stockton bought a new stake in shares of S&P Global during the second quarter worth $373,000. Packer & Co Ltd bought a new stake in shares of S&P Global during the second quarter worth $33,904,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of S&P Global during the second quarter worth $24,263,000. Richard Bernstein Advisors LLC bought a new stake in shares of S&P Global during the second quarter worth $2,578,000. Finally, Exxonmobil Investment Management Inc. TX bought a new stake in shares of S&P Global during the second quarter worth $7,346,000. 86.61% of the stock is currently owned by institutional investors.
Shares of S&P Global Inc. (NYSE:SPGI) traded down 0.24% during midday trading on Friday, reaching $119.92. The company’s stock had a trading volume of 1,397,754 shares. The stock’s 50-day moving average price is $123.15 and its 200-day moving average price is $117.58. S&P Global Inc. has a 12-month low of $78.55 and a 12-month high of $128.40. The company has a market cap of $31.07 billion, a P/E ratio of 17.68 and a beta of 1.50.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.09. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. S&P Global had a return on equity of 378.19% and a net margin of 32.24%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS. On average, analysts expect that S&P Global Inc. will post $5.27 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. S&P Global’s dividend payout ratio is presently 21.15%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Barclays PLC raised S&P Global from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $140.00 to $145.00 in a research report on Wednesday, September 21st. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $131.00 price objective on shares of S&P Global in a research report on Sunday, November 20th. Cantor Fitzgerald set a $117.00 price target on S&P Global and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Macquarie started coverage on S&P Global in a report on Thursday, August 25th. They issued an “outperform” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $131.86.
In related news, SVP Nancy Luquette sold 500 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.
S&P Global Company Profile
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.