S&P Global Inc. (NYSE:SPGI) Position Maintained by Foster Dykema Cabot & Co. Inc. MA
Foster Dykema Cabot & Co. Inc. MA continued to hold its stake in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,750 shares of the business services provider’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in S&P Global were worth $1,423,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. BLS Capital Fondsmaeglerselskab A S purchased a new stake in shares of S&P Global during the fourth quarter worth about $11,037,000. Quadrature Capital Ltd purchased a new stake in shares of S&P Global during the fourth quarter worth about $224,000. Pennsylvania Trust Co purchased a new stake in shares of S&P Global during the first quarter worth about $242,000. Bank of Montreal Can boosted its stake in shares of S&P Global by 16.6% in the first quarter. Bank of Montreal Can now owns 180,876 shares of the business services provider’s stock worth $23,646,000 after buying an additional 25,813 shares during the period. Finally, Atria Investments LLC purchased a new stake in shares of S&P Global during the first quarter worth about $230,000. Institutional investors and hedge funds own 85.62% of the company’s stock.
Shares of S&P Global Inc. (NYSE:SPGI) opened at 148.41 on Friday. The firm’s 50-day moving average is $149.99 and its 200-day moving average is $137.44. The company has a market cap of $38.14 billion, a price-to-earnings ratio of 17.29 and a beta of 1.52. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35.
S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. Analysts expect that S&P Global Inc. will post $6.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s payout ratio is 19.16%.
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SPGI has been the subject of a number of recent analyst reports. Raymond James Financial, Inc. upgraded shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Monday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $153.00 target price (up previously from $139.00) on shares of S&P Global in a research report on Wednesday, April 26th. Argus reiterated a “buy” rating and set a $158.00 target price (up previously from $150.00) on shares of S&P Global in a research report on Monday, May 29th. Barclays PLC increased their target price on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $153.82.
In other S&P Global news, Director Marco Alvera bought 400 shares of the stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $140.09 per share, with a total value of $56,036.00. Following the completion of the purchase, the director now owns 400 shares in the company, valued at $56,036. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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