Checchi Capital Advisers LLC Has $358,000 Stake in S&P Global Inc. (SPGI)
Checchi Capital Advisers LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 25.9% during the second quarter, Holdings Channel reports. The firm owned 2,451 shares of the business services provider’s stock after selling 855 shares during the period. Checchi Capital Advisers LLC’s holdings in S&P Global were worth $358,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in SPGI. Koch Industries Inc. acquired a new position in S&P Global during the first quarter valued at about $365,000. Schwab Charles Investment Management Inc. boosted its position in 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 valued at $106,676,000 after buying an additional 38,665 shares during the last quarter. Bridgewater Associates LP acquired a new position in S&P Global during the first quarter valued at about $3,860,000. Israel Discount Bank of New York acquired a new position in S&P Global during the first quarter valued at about $222,000. Finally, Henderson Group PLC boosted its position in 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 valued at $4,579,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 84.35% of the company’s stock.
Shares of S&P Global Inc. (SPGI) opened at 151.50 on Wednesday. The firm has a 50-day moving average price of $150.25 and a 200 day moving average price of $138.15. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35. The firm has a market cap of $38.94 billion, a price-to-earnings ratio of 17.65 and a beta of 1.52.
S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion for 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 revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
The firm 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 dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, August 24th. S&P Global’s payout ratio is currently 19.16%.
TRADEMARK VIOLATION NOTICE: “Checchi Capital Advisers LLC Has $358,000 Stake in S&P Global Inc. (SPGI)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/checchi-capital-advisers-llc-has-358000-stake-in-sp-global-inc-spgi/1495213.html.
SPGI has been the subject of several research analyst reports. Barclays PLC increased their price objective on S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Monday, July 17th. BMO Capital Markets increased their price objective on S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. UBS AG increased their price objective on S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $153.73.
In other news, Director Marco Alvera acquired 400 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were bought at an average price of $140.09 per share, with a total value of $56,036.00. Following the purchase, the director now owns 400 shares of the company’s stock, valued at $56,036. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI).
Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.