S&P Global Inc (SPGI) Position Raised by Keybank National Association OH
Keybank National Association OH raised its stake in S&P Global Inc (NYSE:SPGI) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,244 shares of the business services provider’s stock after buying an additional 467 shares during the period. Keybank National Association OH’s holdings in S&P Global were worth $5,526,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of SPGI. We Are One Seven LLC purchased a new position in S&P Global in the fourth quarter valued at about $28,000. Harvest Group Wealth Management LLC purchased a new position in S&P Global in the first quarter valued at about $28,000. Legacy Bridge LLC purchased a new position in S&P Global in the fourth quarter valued at about $30,000. Sontag Advisory LLC purchased a new position in S&P Global in the fourth quarter valued at about $31,000. Finally, Oregon Public Employees Retirement Fund increased its holdings 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 valued at $32,000 after buying an additional 5,345,720 shares in the last quarter. 81.94% of the stock is owned by institutional investors.
A number of research analysts have issued reports on SPGI shares. ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. UBS Group cut shares of S&P Global from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $200.00 to $205.00 in a research note on Friday, February 8th. Piper Jaffray Companies raised their price objective on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Raymond James raised their price objective on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. S&P Global presently has an average rating of “Buy” and an average price target of $217.55.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business earned $2.00 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts expect that S&P Global Inc will post 9.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, May 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.07%. S&P Global’s dividend payout ratio (DPR) is 26.82%.
In other S&P Global news, CEO Alexander Matturri, Jr. sold 1,791 shares of S&P Global stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $198.02, for a total value of $354,653.82. Following the completion of the sale, the chief executive officer now directly owns 19,466 shares of the company’s stock, valued at approximately $3,854,657.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John L. Berisford sold 9,669 shares of S&P Global stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the completion of the sale, the insider now directly owns 26,344 shares of the company’s stock, valued at $5,327,283.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,555 shares of company stock valued at $7,039,419. Corporate insiders own 0.20% of the company’s stock.
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S&P Global Company Profile
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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