Everett Harris & Co. CA Makes New $306,000 Investment in S&P Global Inc (NYSE:SPGI)
Everett Harris & Co. CA acquired a new stake in S&P Global Inc (NYSE:SPGI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 930 shares of the business services provider’s stock, valued at approximately $306,000.
Several other institutional investors have also recently bought and sold shares of the business. Guggenheim Capital LLC lifted its holdings in S&P Global by 7.9% during the fourth quarter. Guggenheim Capital LLC now owns 122,500 shares of the business services provider’s stock worth $33,449,000 after acquiring an additional 8,922 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of S&P Global by 7.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,544 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 103 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of S&P Global by 21.6% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 372 shares of the business services provider’s stock worth $91,000 after purchasing an additional 66 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of S&P Global by 6.4% in the 1st quarter. State of Alaska Department of Revenue now owns 63,066 shares of the business services provider’s stock worth $15,453,000 after buying an additional 3,783 shares during the last quarter. Finally, Private Trust Co. NA grew its position in S&P Global by 1.6% during the first quarter. Private Trust Co. NA now owns 6,104 shares of the business services provider’s stock valued at $1,495,000 after buying an additional 97 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.
In other S&P Global news, CEO Douglas L. Peterson sold 30,000 shares of S&P Global stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $351.44, for a total transaction of $10,543,200.00. Following the completion of the sale, the chief executive officer now directly owns 173,293 shares in the company, valued at $60,902,091.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ewout L. Steenbergen sold 8,800 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $350.59, for a total transaction of $3,085,192.00. Following the completion of the transaction, the chief financial officer now directly owns 18,291 shares of the company’s stock, valued at approximately $6,412,641.69. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.64. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.78 billion. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. S&P Global’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $2.43 earnings per share. On average, equities research analysts anticipate that S&P Global Inc will post 10.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global’s dividend payout ratio (DPR) is presently 28.12%.
A number of research analysts have weighed in on SPGI shares. Stifel Nicolaus boosted their target price on shares of S&P Global from $331.00 to $351.00 and gave the company a “hold” rating in a research note on Wednesday. Wells Fargo & Co upped their price objective on S&P Global from $250.00 to $260.00 in a research note on Thursday, April 30th. Credit Suisse Group initiated coverage on S&P Global in a report on Friday, May 29th. They set an “outperform” rating and a $345.00 price objective for the company. Goldman Sachs Group upgraded S&P Global from a “buy” rating to a “conviction-buy” rating and boosted their target price for the company from $336.00 to $397.00 in a research note on Wednesday, July 8th. Finally, Barclays upped their price target on S&P Global from $260.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. S&P Global currently has an average rating of “Buy” and an average target price of $337.06.
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).
Further Reading: Marijuana Stocks
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.