Montag & Caldwell LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 569,829 shares of the business services provider’s stock after selling 37,368 shares during the quarter. S&P Global makes up 2.7% of Montag & Caldwell LLC’s investment portfolio, making the stock its 23rd largest position. Montag & Caldwell LLC owned approximately 0.22% of S&P Global worth $89,070,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SPGI. Korea Investment CORP boosted its stake in S&P Global by 11.1% in the 3rd quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock worth $48,473,000 after purchasing an additional 30,900 shares during the period. Davis Selected Advisers boosted its stake in S&P Global by 2.7% in the 2nd quarter. Davis Selected Advisers now owns 181,288 shares of the business services provider’s stock worth $26,466,000 after purchasing an additional 4,810 shares during the period. New York State Common Retirement Fund boosted its stake in S&P Global by 4.3% in the 2nd quarter. New York State Common Retirement Fund now owns 889,431 shares of the business services provider’s stock worth $129,848,000 after purchasing an additional 36,605 shares during the period. Aperio Group LLC boosted its stake in S&P Global by 14.7% in the 2nd quarter. Aperio Group LLC now owns 130,714 shares of the business services provider’s stock worth $19,083,000 after purchasing an additional 16,713 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in S&P Global by 0.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,228 shares of the business services provider’s stock worth $8,647,000 after purchasing an additional 194 shares during the period. Institutional investors own 85.77% of the company’s stock.
S&P Global Inc. (NYSE SPGI) opened at $163.70 on Wednesday. The firm has a market capitalization of $41,360.00, a PE ratio of 25.37, a P/E/G ratio of 1.93 and a beta of 1.51. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 4.00. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $166.17.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.19. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. S&P Global’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. research analysts anticipate that S&P Global Inc. will post 6.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, November 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.00%. S&P Global’s dividend payout ratio is 24.08%.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total transaction of $631,160.00. Following the transaction, the chief executive officer now directly owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Courtney Geduldig sold 1,596 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $156.50, for a total value of $249,774.00. Following the transaction, the executive vice president now owns 2,663 shares in the company, valued at $416,759.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,000 shares of company stock worth $1,104,704. 0.20% of the stock is currently owned by insiders.
Several brokerages have commented on SPGI. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research note on Monday, August 14th. Cantor Fitzgerald restated a “buy” rating and issued a $177.00 target price on shares of S&P Global in a research note on Thursday, October 26th. BidaskClub downgraded S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Wells Fargo & Company raised their price target on S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, UBS AG raised their price target on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $168.27.
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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