CHICAGO TRUST Co NA Has $234,000 Position in S&P Global Inc. (SPGI)
CHICAGO TRUST Co NA held its position in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,600 shares of the business services provider’s stock at the end of the second quarter. CHICAGO TRUST Co NA’s holdings in S&P Global were worth $234,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in shares of S&P Global by 2.6% in the first quarter. CENTRAL TRUST Co now owns 3,786 shares of the business services provider’s stock valued at $495,000 after buying an additional 96 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in S&P Global by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 222,944 shares of the business services provider’s stock valued at $29,148,000 after buying an additional 6,250 shares during the period. Lau Associates LLC purchased a new position in S&P Global during the first quarter valued at approximately $209,000. Highbridge Capital Management LLC purchased a new position in S&P Global during the fourth quarter valued at approximately $26,784,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in S&P Global during the fourth quarter valued at approximately $902,000. 85.62% of the stock is currently owned by institutional investors.
Shares of S&P Global Inc. (NYSE:SPGI) traded down 0.05% during trading on Monday, hitting $150.95. 776,963 shares of the stock were exchanged. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35. The stock has a market cap of $38.79 billion, a P/E ratio of 17.59 and a beta of 1.52. The stock has a 50-day moving average of $149.31 and a 200 day moving average of $135.87.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 EPS. Equities analysts predict that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be issued a $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.09%. S&P Global’s dividend payout ratio is presently 19.16%.
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Several research analysts have recently issued reports on SPGI shares. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, April 11th. Raymond James Financial, Inc. upgraded shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Monday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $153.00 price target (up previously from $139.00) on shares of S&P Global in a research note on Wednesday, April 26th. Argus reiterated a “buy” rating and set a $158.00 price target (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Finally, Barclays PLC increased their price target on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. S&P Global presently has an average rating of “Buy” and an average target price of $153.82.
In related news, Director Marco Alvera acquired 400 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average cost of $140.09 per share, with a total value of $56,036.00. Following the acquisition, the director now directly owns 400 shares of the company’s stock, valued at $56,036. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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