Haverford Trust Co. lifted its holdings in shares of S&P Global Inc (NYSE:SPGI) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 315,571 shares of the business services provider’s stock after purchasing an additional 6,650 shares during the quarter. S&P Global comprises about 1.4% of Haverford Trust Co.’s holdings, making the stock its 28th biggest holding. Haverford Trust Co. owned about 0.13% of S&P Global worth $77,309,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Park National Corp OH increased its stake in shares of S&P Global by 5.7% during the second quarter. Park National Corp OH now owns 34,339 shares of the business services provider’s stock worth $7,822,000 after buying an additional 1,854 shares during the period. Carroll Financial Associates Inc. increased its stake in S&P Global by 91.2% in the second quarter. Carroll Financial Associates Inc. now owns 1,042 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 497 shares during the last quarter. Packer & Co Ltd increased its stake in S&P Global by 302.8% in the second quarter. Packer & Co Ltd now owns 801,578 shares of the business services provider’s stock valued at $38,497,000 after purchasing an additional 602,578 shares during the last quarter. EFG Asset Management Americas Corp. increased its stake in S&P Global by 3.5% in the second quarter. EFG Asset Management Americas Corp. now owns 25,781 shares of the business services provider’s stock valued at $5,873,000 after purchasing an additional 869 shares during the last quarter. Finally, Contravisory Investment Management Inc. increased its stake in S&P Global by 24.0% in the second quarter. Contravisory Investment Management Inc. now owns 305 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 59 shares during the last quarter. 82.69% of the stock is currently owned by institutional investors and hedge funds.
In other S&P Global news, CFO Ewout L. Steenbergen sold 1,760 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $254.56, for a total value of $448,025.60. Following the completion of the sale, the chief financial officer now owns 8,534 shares of the company’s stock, valued at $2,172,415.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $254.46, for a total value of $256,241.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,986 shares of company stock valued at $3,063,427. Corporate insiders own 0.20% of the company’s stock.
Shares of NYSE SPGI traded down $0.29 during mid-day trading on Friday, hitting $255.30. 645,418 shares of the company were exchanged, compared to its average volume of 1,085,819. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.91. The stock has a 50 day simple moving average of $250.45 and a 200-day simple moving average of $239.30. S&P Global Inc has a 1-year low of $156.68 and a 1-year high of $269.57. The firm has a market cap of $61.39 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $2.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.12. S&P Global had a return on equity of 448.14% and a net margin of 32.22%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $2.11 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts anticipate that S&P Global Inc will post 9.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, November 25th. S&P Global’s dividend payout ratio is presently 26.82%.
SPGI has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of S&P Global from $257.00 to $271.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Atlantic Securities lowered shares of S&P Global from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $220.00 to $260.00 in a research report on Tuesday, August 6th. Edward Jones began coverage on shares of S&P Global in a research report on Wednesday, September 11th. They set a “buy” rating on the stock. Finally, Raymond James raised their target price on shares of S&P Global from $246.00 to $272.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. S&P Global currently has an average rating of “Buy” and a consensus target price of $264.42.
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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