Sentry Investments Corp. Acquires Shares of 58,399 S&P Global Inc. (SPGI)
Sentry Investments Corp. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 58,399 shares of the business services provider’s stock, valued at approximately $8,526,000.
Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of S&P Global during the first quarter worth approximately $101,000. American Beacon Advisors Inc. bought a new position in shares of S&P Global during the first quarter valued at about $103,000. Penserra Capital Management LLC bought a new position in shares of S&P Global during the second quarter valued at about $106,000. State of Alaska Department of Revenue bought a new position in shares of S&P Global during the first quarter valued at about $125,000. Finally, Guardian Life Insurance Co. of America boosted its position in shares of 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 valued at $131,000 after buying an additional 10 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.
S&P Global Inc. (SPGI) opened at 153.72 on Friday. The stock has a market cap of $39.51 billion, a PE ratio of 17.91 and a beta of 1.51. The company’s 50 day moving average price is $151.70 and its 200 day moving average price is $140.58. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $158.35.
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 for the quarter, topping the consensus estimate of $1.57 by $0.15. The company 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 quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. Equities analysts forecast 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. Investors of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.07%. S&P Global’s payout ratio is currently 19.16%.
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Several research analysts recently issued reports on SPGI shares. Argus reaffirmed a “buy” rating and set a $158.00 target price (up previously from $150.00) on shares of S&P Global in a research report on Monday, May 29th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a research report on Monday, August 14th. UBS AG lifted their target price on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $146.00 target price (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Finally, BMO Capital Markets lifted their target price on S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $155.50.
In related news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
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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