Daiwa Securities Group Inc. Purchases 1,500 Shares of S&P Global Inc. (NYSE:SPGI)
Daiwa Securities Group Inc. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 16.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,550 shares of the business services provider’s stock after buying an additional 1,500 shares during the period. Daiwa Securities Group Inc.’s holdings in S&P Global were worth $1,540,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Advisory Services Network LLC purchased a new position in S&P Global during the first quarter worth $101,000. American Beacon Advisors Inc. purchased a new position in S&P Global during the first quarter worth $103,000. State of Alaska Department of Revenue purchased a new position in S&P Global during the first quarter worth $125,000. Guardian Life Insurance Co. of America increased its position in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after buying an additional 10 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after buying an additional 50 shares in the last quarter. 85.62% of the stock is currently owned by institutional investors.
S&P Global Inc. (SPGI) opened at 150.77 on Thursday. The stock has a 50 day moving average price of $149.81 and a 200 day moving average price of $137.13. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $158.35. The company has a market cap of $38.75 billion, a P/E ratio of 17.57 and a beta of 1.52.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post $6.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be given a $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.09%. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.
A number of research firms have weighed in on SPGI. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Monday, July 17th. UBS AG raised their price objective on S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $153.00 price objective (up previously from $139.00) on shares of S&P Global in a research note on Wednesday, April 26th. BMO Capital Markets raised their price objective on S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research note on Friday, July 14th. Finally, Raymond James Financial, Inc. raised S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Monday, April 17th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $153.82.
In related news, Director Marco Alvera purchased 400 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at $56,036. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate 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.
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