S&P Global Inc (SPGI) Stake Increased by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board grew its stake in shares of S&P Global Inc (NYSE:SPGI) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,726 shares of the business services provider’s stock after acquiring an additional 800 shares during the period. New Mexico Educational Retirement Board’s holdings in S&P Global were worth $4,189,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. USA Mutuals Advisors Inc. bought a new stake in shares of S&P Global in the fourth quarter valued at about $108,000. Cerebellum GP LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $129,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of S&P Global by 89.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of S&P Global in the third quarter valued at about $150,000. Finally, NuWave Investment Management LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $172,000. 85.21% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on SPGI shares. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a report on Tuesday, January 23rd. Barclays lifted their price objective on S&P Global from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Goldman Sachs Group restated a “neutral” rating and issued a $176.00 price objective on shares of S&P Global in a report on Wednesday, October 18th. Cantor Fitzgerald lifted their price objective on S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets downgraded S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price objective for the company. in a report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global has an average rating of “Buy” and an average price target of $186.64.
S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.22. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. equities analysts predict that S&P Global Inc will post 8.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 23rd. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. S&P Global’s payout ratio is currently 28.37%.
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S&P Global 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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