S&P Global Inc. (SPGI) Stake Maintained by Nichols & Pratt Advisers LLP MA
Nichols & Pratt Advisers LLP MA held its position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the business services provider’s stock at the end of the second quarter. Nichols & Pratt Advisers LLP MA’s holdings in S&P Global were worth $1,212,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of SPGI. Advisory Services Network LLC bought a new position in shares of S&P Global during the first quarter worth $101,000. American Beacon Advisors Inc. bought a new position in shares of S&P Global during the first quarter worth $103,000. Penserra Capital Management LLC bought a new position in shares of S&P Global during the second quarter worth $106,000. State of Alaska Department of Revenue bought a new position in shares of S&P Global during the first quarter worth $125,000. Finally, Guardian Life Insurance Co. of America increased its position 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 period. 85.39% of the stock is currently owned by institutional investors.
S&P Global Inc. (SPGI) traded up 0.06% during midday trading on Monday, reaching $151.36. 83,401 shares of the company’s stock traded hands. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35. The stock has a market cap of $38.90 billion, a PE ratio of 17.63 and a beta of 1.52. The stock’s 50 day moving average price is $151.14 and its 200-day moving average price is $139.62.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 earnings per share. Equities analysts predict 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. Investors of record on Monday, August 28th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is 19.16%.
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A number of equities analysts recently weighed in 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 boosted their price target on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 28th. BMO Capital Markets boosted their price target on shares of S&P Global from $152.00 to $161.00 and gave the stock 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 objective (up 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 objective (up from $150.00) on shares of S&P Global in a report on Monday, May 29th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $155.10.
In related news, Director Marco Alvera bought 400 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $140.09 per share, with a total value of $56,036.00. Following the completion of the acquisition, the director now directly owns 400 shares in the company, valued at $56,036. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. 0.20% of the stock is owned by company 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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