Pioneer Investment Management Inc. Buys 36,495 Shares of S&P Global Inc. (SPGI)
Pioneer Investment Management Inc. increased its position in S&P Global Inc. (NYSE:SPGI) by 63.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,875 shares of the business services provider’s stock after buying an additional 36,495 shares during the period. Pioneer Investment Management Inc.’s holdings in S&P Global were worth $13,705,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Koch Industries Inc. bought a new stake in S&P Global during the first quarter worth approximately $365,000. Schwab Charles Investment Management Inc. boosted its stake 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 worth $106,676,000 after buying an additional 38,665 shares in the last quarter. Bridgewater Associates LP bought a new stake in S&P Global during the first quarter worth approximately $3,860,000. Israel Discount Bank of New York bought a new stake in S&P Global during the first quarter worth approximately $222,000. Finally, Henderson Group PLC boosted its stake 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 worth $4,579,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 85.62% of the company’s stock.
S&P Global Inc. (NYSE SPGI) opened at 148.41 on Friday. The stock has a 50 day moving average price of $149.99 and a 200 day moving average price of $137.44. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $158.35. The firm has a market capitalization of $38.14 billion, a price-to-earnings ratio of 17.29 and a beta of 1.52.
S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $1.44 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Analysts predict that S&P Global Inc. will post $6.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, August 24th. S&P Global’s payout ratio is currently 19.16%.
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SPGI has been the subject of a number of recent research reports. Barclays PLC lifted 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 lifted 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 lifted 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 set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. S&P Global presently has an average rating of “Buy” and an average target price of $153.82.
In other news, Director Marco Alvera bought 400 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $140.09 per share, with a total value of $56,036.00. Following the transaction, the director now directly owns 400 shares in the company, valued at approximately $56,036. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
S&P Global Company 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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