S&P Global Inc (SPGI) Shares Bought by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. grew its stake in shares of S&P Global Inc (NYSE:SPGI) by 15.2% in the 1st quarter, HoldingsChannel reports. The fund owned 32,394 shares of the business services provider’s stock after acquiring an additional 4,278 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in S&P Global were worth $6,822,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. We Are One Seven LLC bought a new position in S&P Global in the fourth quarter worth approximately $28,000. Harvest Group Wealth Management LLC bought a new position in S&P Global in the first quarter worth approximately $28,000. Legacy Bridge LLC bought a new position in S&P Global in the fourth quarter worth approximately $30,000. Sontag Advisory LLC bought a new position in S&P Global in the fourth quarter worth approximately $31,000. Finally, Oregon Public Employees Retirement Fund raised its stake in S&P Global by 7,358.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock worth $32,000 after buying an additional 5,345,720 shares in the last quarter. 81.94% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Piper Jaffray Companies lifted their price target on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. UBS Group raised shares of S&P Global from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $228.00 to $252.00 in a report on Tuesday. Raymond James lifted their price target on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, Morgan Stanley set a $226.00 price target on shares of S&P Global and gave the stock a “hold” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $217.55.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. S&P Global’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts anticipate that S&P Global Inc will post 9.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 26.82%.
In other news, CEO Alexander Matturri, Jr. sold 1,790 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total transaction of $368,525.20. Following the sale, the chief executive officer now directly owns 19,478 shares of the company’s stock, valued at $4,010,130.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John L. Berisford sold 9,669 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the sale, the insider now directly owns 26,344 shares in the company, valued at $5,327,283.68. The disclosure for this sale can be found here. Insiders have sold 33,555 shares of company stock worth $7,039,419 over the last three months. Corporate insiders own 0.20% of the company’s stock.
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About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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