Advisor Partners LLC Acquires 1,222 Shares of S&P Global Inc (SPGI)

Advisor Partners LLC Acquires 1,222 Shares of S&P Global Inc (SPGI)

Advisor Partners LLC raised its position in shares of S&P Global Inc (NYSE:SPGI) by 41.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,147 shares of the business services provider’s stock after buying an additional 1,222 shares during the period. Advisor Partners LLC’s holdings in S&P Global were worth $542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its position in S&P Global by 5.8% in the fourth quarter. State Street Corp now owns 14,171,841 shares of the business services provider’s stock worth $1,524,046,000 after buying an additional 772,003 shares during the last quarter. Independent Franchise Partners LLP raised its position in S&P Global by 1.6% in the third quarter. Independent Franchise Partners LLP now owns 5,022,450 shares of the business services provider’s stock worth $635,641,000 after buying an additional 80,629 shares during the last quarter. Janus Capital Management LLC raised its position in S&P Global by 2.6% in the fourth quarter. Janus Capital Management LLC now owns 2,495,285 shares of the business services provider’s stock worth $268,491,000 after buying an additional 62,911 shares during the last quarter. Third Point LLC raised its position in S&P Global by 25.0% in the third quarter. Third Point LLC now owns 2,000,000 shares of the business services provider’s stock worth $253,120,000 after buying an additional 400,000 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in S&P Global by 44.2% in the first quarter. Wells Fargo & Company MN now owns 1,954,941 shares of the business services provider’s stock worth $255,590,000 after buying an additional 598,904 shares during the last quarter. Institutional investors and hedge funds own 86.33% of the company’s stock.

S&P Global Inc (NYSE:SPGI) traded up 0.69% on Friday, reaching $137.55. 1,056,274 shares of the company were exchanged. The stock has a 50 day moving average of $131.24 and a 200 day moving average of $123.51. S&P Global Inc has a 12-month low of $99.15 and a 12-month high of $138.05. The firm has a market capitalization of $35.46 billion, a PE ratio of 16.40 and a beta of 1.49.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 25th. The business services provider reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.23. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.37 billion. S&P Global had a net margin of 37.20% and a return on equity of 297.85%. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc will post $6.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Friday, May 26th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, May 24th. S&P Global’s payout ratio is presently 18.11%.

SPGI has been the topic of a number of research analyst reports. Raymond James Financial, Inc. upgraded shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, April 11th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 target price (up from $137.00) on shares of S&P Global in a research note on Thursday, February 9th. Cantor Fitzgerald set a $139.00 target price on shares of S&P Global and gave the company a “buy” rating in a research note on Tuesday, February 7th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $140.00 target price (up from $130.00) on shares of S&P Global in a research note on Thursday, February 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $140.78.

In related news, Director Stephanie C. Hill acquired 400 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average cost of $130.85 per share, with a total value of $52,340.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at $52,340. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Courtney Geduldig sold 3,724 shares of the stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $124.97, for a total transaction of $465,388.28. Following the completion of the transaction, the executive vice president now directly owns 5,541 shares in the company, valued at $692,458.77. The disclosure for this sale can be found here. 0.60% 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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