OppenheimerFunds Inc. boosted its stake in S&P Global Inc (NYSE:SPGI) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,213,907 shares of the business services provider’s stock after acquiring an additional 80,700 shares during the quarter. S&P Global accounts for 1.1% of OppenheimerFunds Inc.’s portfolio, making the stock its 8th largest position. OppenheimerFunds Inc. owned approximately 1.71% of S&P Global worth $887,238,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of SPGI. Vanguard Group Inc grew its holdings in S&P Global by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 20,446,977 shares of the business services provider’s stock worth $3,995,135,000 after buying an additional 195,642 shares in the last quarter. We Are One Seven LLC bought a new position in S&P Global in the 4th quarter worth approximately $28,000. Wedbush Securities Inc. grew its holdings in S&P Global by 3.7% in the 4th quarter. Wedbush Securities Inc. now owns 2,197 shares of the business services provider’s stock worth $373,000 after buying an additional 79 shares in the last quarter. Robecosam AG grew its holdings in S&P Global by 39.7% in the 4th quarter. Robecosam AG now owns 8,190 shares of the business services provider’s stock worth $1,378,000 after buying an additional 2,328 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in S&P Global by 6.9% in the 4th quarter. LS Investment Advisors LLC now owns 22,504 shares of the business services provider’s stock worth $3,824,000 after buying an additional 1,446 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Nancy Luquette sold 2,200 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total value of $477,070.00. Following the completion of the sale, the senior vice president now owns 2,340 shares in the company, valued at $507,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $211.01, for a total value of $1,266,060.00. Following the completion of the sale, the chief executive officer now owns 173,431 shares of the company’s stock, valued at approximately $36,595,675.31. The disclosure for this sale can be found here. Insiders have sold a total of 20,305 shares of company stock valued at $4,360,975 in the last quarter. Insiders own 0.20% of the company’s stock.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the company posted $2.00 EPS. S&P Global’s revenue was up .3% on a year-over-year basis. As a group, research analysts forecast that S&P Global Inc will post 9.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.00%. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.
A number of equities research analysts have weighed in on the company. Morgan Stanley set a $223.00 target price on S&P Global and gave the stock a “hold” rating in a research report on Thursday, June 13th. UBS Group upgraded S&P Global from a “neutral” rating to a “buy” rating and upped their target price for the stock from $228.00 to $252.00 in a research report on Tuesday, May 21st. Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Raymond James upped their target price on S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Finally, Piper Jaffray Companies upped their target price on S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $217.27.
S&P Global 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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