Commerce Bank boosted its position in S&P Global Inc. (NYSE:SPGI) by 0.9% during the third quarter, Holdings Channel reports. The fund owned 14,366 shares of the company’s stock after buying an additional 123 shares during the period. Commerce Bank’s holdings in S&P Global were worth $1,818,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Bank of Stockton bought a new stake in S&P Global during the second quarter worth approximately $373,000. Packer & Co Ltd bought a new stake in S&P Global during the second quarter worth approximately $33,904,000. Chevy Chase Trust Holdings Inc. bought a new stake in S&P Global during the second quarter worth approximately $24,263,000. Richard Bernstein Advisors LLC bought a new stake in S&P Global during the second quarter worth approximately $2,578,000. Finally, Exxonmobil Investment Management Inc. TX bought a new stake in S&P Global during the second quarter worth approximately $7,346,000. 86.21% of the stock is currently owned by institutional investors.
S&P Global Inc. (NYSE:SPGI) traded down 1.27% on Monday, hitting $118.40. The stock had a trading volume of 2,331,682 shares. The firm has a 50-day moving average of $122.85 and a 200 day moving average of $117.96. S&P Global Inc. has a 52 week low of $78.55 and a 52 week high of $128.40. The company has a market capitalization of $30.68 billion, a price-to-earnings ratio of 17.46 and a beta of 1.50.
S&P Global (NYSE:SPGI) last released its 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. S&P Global had a return on equity of 378.19% and a net margin of 32.24%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post $5.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, November 23rd. S&P Global’s dividend payout ratio (DPR) is 21.15%.
Several brokerages have recently issued reports on SPGI. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Monday. Macquarie began coverage on S&P Global in a research report on Thursday, August 25th. They set an “outperform” rating and a $140.00 target price for the company. Argus raised their target price on S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $131.00 target price on shares of S&P Global in a research report on Sunday, November 20th. Finally, Barclays PLC raised S&P Global from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $140.00 to $145.00 in a research report on Wednesday, September 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $131.86.
In other S&P Global 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 directly owns 133 shares of the company’s stock, valued at $16,369.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is 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.