Chicago Equity Partners LLC Has $9.42 Million Position in S&P Global Inc. (SPGI)
Chicago Equity Partners LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 604.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,515 shares of the business services provider’s stock after buying an additional 55,355 shares during the period. Chicago Equity Partners LLC’s holdings in S&P Global were worth $9,419,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock worth $2,535,747,000 after buying an additional 740,631 shares during the last quarter. BlackRock Inc. increased its stake in S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock worth $2,020,285,000 after buying an additional 14,667,076 shares during the last quarter. OppenheimerFunds Inc. increased its stake in S&P Global by 4.2% in the first quarter. OppenheimerFunds Inc. now owns 6,211,104 shares of the business services provider’s stock worth $812,041,000 after buying an additional 251,294 shares during the last quarter. Independent Franchise Partners LLP increased its stake in S&P Global by 0.6% in the second quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock worth $727,723,000 after buying an additional 30,708 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in S&P Global by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 4,151,759 shares of the business services provider’s stock worth $542,786,000 after buying an additional 177,338 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.
S&P Global Inc. (NYSE:SPGI) opened at 154.33 on Friday. The company has a 50-day moving average of $151.58 and a 200-day moving average of $140.39. The company has a market capitalization of $39.66 billion, a PE ratio of 17.98 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.
S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate 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. Shareholders of record on Monday, August 28th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s dividend payout ratio is presently 19.16%.
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SPGI has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Monday. Barclays PLC lifted their price target on shares of S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Argus reissued a “buy” rating and issued a $158.00 price objective (up from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $146.00 price objective (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $155.50.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares in the company, valued at approximately $16,059. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
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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