S&P Global Inc. (SPGI) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in S&P Global Inc. (NYSE:SPGI) by 15.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,979 shares of the business services provider’s stock after buying an additional 8,372 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in S&P Global were worth $8,902,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new position in shares of S&P Global during the first quarter worth approximately $365,000. Schwab Charles Investment Management Inc. boosted its position in shares of S&P Global by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 815,937 shares of the business services provider’s stock worth $106,676,000 after buying an additional 38,665 shares during the last quarter. Bridgewater Associates LP acquired a new position in shares of S&P Global during the first quarter worth approximately $3,860,000. Israel Discount Bank of New York acquired a new position in shares of S&P Global during the first quarter worth approximately $222,000. Finally, Henderson Group PLC boosted its position in shares of S&P Global by 1.2% in the first quarter. Henderson Group PLC now owns 35,023 shares of the business services provider’s stock worth $4,579,000 after buying an additional 400 shares during the last quarter. 84.35% of the stock is currently owned by institutional investors.
S&P Global Inc. (NYSE SPGI) traded down 0.12% during trading on Friday, reaching $151.27. 580,159 shares of the company were exchanged. The stock has a market capitalization of $38.88 billion, a PE ratio of 17.62 and a beta of 1.52. S&P Global Inc. has a 52-week low of $107.21 and a 52-week high of $158.35. The firm’s 50 day moving average is $151.14 and its 200 day moving average is $139.62.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. Analysts expect that S&P Global Inc. will post $6.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.08%. S&P Global’s payout ratio is currently 19.16%.
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A number of equities analysts have recently commented on SPGI shares. Argus reaffirmed a “buy” rating and issued a $158.00 target price (up from $150.00) on shares of S&P Global in a report on Monday, May 29th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research report on Monday, August 14th. UBS AG lifted their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 price objective (up from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research report on Friday, July 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. S&P Global currently has an average rating of “Buy” and a consensus price target of $155.10.
In related news, SVP Nancy Luquette sold 860 shares of S&P Global stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the sale, the senior vice president now directly owns 106 shares of the company’s stock, valued at $16,059. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Marco Alvera acquired 400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $140.09 per share, with a total value of $56,036.00. Following the completion of the purchase, the director now owns 400 shares of the company’s stock, valued at $56,036. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.
About S&P Global
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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