Point View Wealth Management Inc. bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, Holdings Channel reports. The firm bought 1,733 shares of the company’s stock, valued at approximately $219,000.
Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in S&P Global during the second quarter worth approximately $1,918,874,000. FMR LLC acquired a new position in S&P Global during the second quarter worth approximately $1,791,074,000. Artisan Partners Limited Partnership acquired a new position in S&P Global during the second quarter worth approximately $837,221,000. BlackRock Institutional Trust Company N.A. acquired a new position in S&P Global during the second quarter worth approximately $730,970,000. Finally, Jennison Associates LLC acquired a new position in S&P Global during the second quarter worth approximately $676,571,000. 86.61% of the stock is owned by institutional investors.
S&P Global Inc. (NYSE:SPGI) traded down 0.24% during mid-day trading on Friday, hitting $119.92. The company had a trading volume of 1,397,754 shares. The company has a 50 day moving average of $123.15 and a 200 day moving average of $117.58. S&P Global Inc. has a 1-year low of $78.55 and a 1-year high of $128.40. The firm has a market capitalization of $31.07 billion, a PE ratio of 17.68 and a beta of 1.50.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.09. The company earned $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a return on equity of 378.19% and a net margin of 32.24%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.19 earnings per share. Analysts predict that S&P Global Inc. will post $5.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 23rd. S&P Global’s payout ratio is currently 21.15%.
A number of research firms have weighed in on SPGI. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Barclays PLC upgraded S&P Global from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $140.00 to $145.00 in a report on Wednesday, September 21st. Credit Suisse Group AG reiterated an “outperform” rating and set a $131.00 target price on shares of S&P Global in a report on Sunday, November 20th. Cantor Fitzgerald set a $117.00 target price on S&P Global and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Macquarie began coverage on S&P Global in a report on Thursday, August 25th. They set an “outperform” rating and a $140.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. S&P Global has an average rating of “Buy” and an average price target of $131.86.
In other S&P Global news, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $123.08, for a total value of $61,540.00. Following the completion of the sale, the senior vice president now owns 133 shares of the company’s stock, valued at $16,369.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company 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.