The US Bancorp DE Has $35.42 Million Stake in S&P Global Inc (SPGI)

The US Bancorp DE Has $35.42 Million Stake in S&P Global Inc (SPGI)

Other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in S&P Global during the first quarter worth approximately $101,000. State of Alaska Department of Revenue purchased a new position in S&P Global during the first quarter worth approximately $125,000. Robecosam AG bought a new stake in S&P Global during the third quarter valued at about $125,000. Elgethun Capital Management bought a new stake in S&P Global during the fourth quarter valued at about $115,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in S&P Global during the fourth quarter valued at about $125,000. Institutional investors own 86.33% of the company’s stock.

US Bancorp DE increased its position in shares of S&P Global Inc (NYSE:SPGI) by 22.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,913 shares of the business services provider’s stock after buying an additional 50,540 shares during the period. US Bancorp DE owned about 0.10% of S&P Global worth $35,419,000 as of its most recent filing with the SEC.

S&P Global Inc (SPGI) opened at 144.16 on Monday. S&P Global Inc has a 52 week low of $99.15 and a 52 week high of $145.30. The firm’s 50-day moving average is $136.85 and its 200-day moving average is $125.69. The firm has a market cap of $37.16 billion, a price-to-earnings ratio of 17.19 and a beta of 1.49.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 25th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.23. S&P Global had a return on equity of 297.85% and a net margin of 37.20%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that S&P Global Inc will post $6.19 earnings per share for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Friday, May 26th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, May 24th. S&P Global’s dividend payout ratio (DPR) is presently 18.11%.

Several equities research analysts have issued reports on SPGI shares. Raymond James Financial, Inc. raised shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Monday, April 17th. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, April 11th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $160.00 price target (up previously from $137.00) on shares of S&P Global in a research report on Thursday, February 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $153.00 price target (up previously from $139.00) on shares of S&P Global in a research report on Wednesday, April 26th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $140.00 price target (up previously from $130.00) on shares of S&P Global in a research report on Thursday, February 9th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $143.33. In other news, Director Marco Alvera acquired 400 shares of S&P Global stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the purchase, the director now directly owns 400 shares of the company’s stock, valued at approximately $56,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SPGI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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