S&P Global Inc. (SPGI) Position Lowered by American Century Companies Inc.
American Century Companies Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 564,415 shares of the business services provider’s stock after selling 85,687 shares during the period. American Century Companies Inc. owned 0.22% of S&P Global worth $82,399,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of S&P Global during the first quarter worth about $101,000. American Beacon Advisors Inc. bought a new stake in shares of S&P Global during the first quarter worth about $103,000. State of Alaska Department of Revenue bought a new stake in shares of S&P Global during the first quarter worth about $125,000. Guardian Life Insurance Co. of America increased its stake in shares of S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after buying an additional 10 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after buying an additional 50 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.
S&P Global Inc. (NYSE:SPGI) opened at 151.27 on Monday. The stock has a market cap of $38.88 billion, a P/E ratio of 17.62 and a beta of 1.52. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35. The company has a 50 day moving average of $151.14 and a 200-day moving average of $139.62.
S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business posted $1.44 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current year.
The business 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 $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.08%. S&P Global’s dividend payout ratio (DPR) is currently 19.16%.
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A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a report on Monday, August 14th. UBS AG raised their price target on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. BMO Capital Markets raised their price target on shares of S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a report on Friday, July 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $146.00 price target (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. Finally, Argus reaffirmed a “buy” rating and set a $158.00 price target (up previously from $150.00) on shares of S&P Global in a report on Monday, May 29th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. S&P Global has an average rating of “Buy” and a consensus price target of $155.10.
In related news, SVP Nancy Luquette sold 860 shares of S&P Global stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marco Alvera purchased 400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the purchase, the director now owns 400 shares of the company’s stock, valued at $56,036. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.
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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