Alpha Cubed Investments LLC decreased its holdings in shares of S&P Global (NYSE:SPGI) by 19.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,650 shares of the business services provider’s stock after selling 620 shares during the period. Alpha Cubed Investments LLC’s holdings in S&P Global were worth $506,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tesuji Partners LLC bought a new stake in shares of S&P Global in the 4th quarter worth $180,044,000. Renaissance Technologies LLC grew its stake in shares of S&P Global by 67.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,099,900 shares of the business services provider’s stock worth $186,323,000 after acquiring an additional 442,000 shares in the last quarter. BlackRock Inc. grew its stake in shares of S&P Global by 2.3% in the 4th quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock worth $3,062,502,000 after acquiring an additional 401,826 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of S&P Global by 352.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 423,794 shares of the business services provider’s stock worth $71,790,000 after acquiring an additional 330,052 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of S&P Global by 90.7% in the 4th quarter. Mackenzie Financial Corp now owns 634,375 shares of the business services provider’s stock worth $107,463,000 after acquiring an additional 301,701 shares in the last quarter. Hedge funds and other institutional investors own 86.42% of the company’s stock.
S&P Global opened at $197.66 on Friday, according to Marketbeat.com. The stock has a market cap of $49.86 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.60 and a beta of 1.36. The company has a debt-to-equity ratio of 46.62, a current ratio of 1.05 and a quick ratio of 1.05. S&P Global has a fifty-two week low of $196.84 and a fifty-two week high of $198.25.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 26th. The business services provider reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.02. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.53 billion. S&P Global had a net margin of 25.72% and a return on equity of 267.10%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. analysts predict that S&P Global will post 8.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 25th. This represents a $2.00 annualized dividend and a yield of 1.01%. S&P Global’s payout ratio is currently 29.03%.
SPGI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a research note on Tuesday, January 23rd. Barclays upped their target price on shares of S&P Global from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. ValuEngine upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Argus upped their target price on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Susquehanna Bancshares lowered shares of S&P Global from a “positive” rating to a “neutral” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $195.36.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $197.75, for a total transaction of $791,000.00. Following the completion of the transaction, the chief executive officer now owns 171,190 shares in the company, valued at $33,852,822.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John L. Berisford sold 15,902 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the transaction, the insider now owns 25,455 shares of the company’s stock, valued at approximately $4,892,196.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,792 shares of company stock valued at $4,014,997. 0.20% of the stock is owned by company insiders.
S&P Global Company Profile
S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.
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