MUFG Americas Holdings Corp cut its position in shares of S&P Global Inc (NYSE:SPGI) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,078 shares of the business services provider’s stock after selling 152 shares during the period. MUFG Americas Holdings Corp’s holdings in S&P Global were worth $2,364,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its stake in S&P Global by 0.7% in the first quarter. Xact Kapitalforvaltning AB now owns 47,196 shares of the business services provider’s stock worth $6,170,000 after buying an additional 308 shares during the last quarter. Trust Co. of Vermont increased its stake in S&P Global by 6.5% in the first quarter. Trust Co. of Vermont now owns 3,420 shares of the business services provider’s stock worth $448,000 after buying an additional 210 shares during the last quarter. Comerica Bank increased its stake in S&P Global by 0.7% in the first quarter. Comerica Bank now owns 73,038 shares of the business services provider’s stock worth $9,867,000 after buying an additional 475 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in S&P Global by 195.9% in the first quarter. BNP Paribas Arbitrage SA now owns 216,538 shares of the business services provider’s stock worth $28,310,000 after buying an additional 143,347 shares during the last quarter. Finally, Wellington Shields & Co. LLC acquired a new stake in S&P Global during the first quarter worth approximately $209,000. Institutional investors own 86.33% of the company’s stock.
Shares of S&P Global Inc (NYSE:SPGI) traded up 0.57% during mid-day trading on Friday, hitting $138.24. 461,738 shares of the stock were exchanged. The company has a 50-day moving average of $133.43 and a 200 day moving average of $124.44. The stock has a market cap of $35.64 billion, a PE ratio of 16.48 and a beta of 1.49. S&P Global Inc has a one year low of $99.15 and a one year high of $139.45.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 25th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.23. The business had revenue of $1.45 billion during 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 business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts predict that S&P Global Inc will post $6.18 earnings per share for the current year.
The company 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 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, May 24th. S&P Global’s dividend payout ratio is presently 18.11%.
A number of research firms have commented on SPGI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $153.00 price objective (up previously from $139.00) on shares of S&P Global in a report on Wednesday, April 26th. Raymond James Financial, Inc. upgraded 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 report 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 price objective for the company in a report on Tuesday, April 11th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price objective (up previously from $137.00) on shares of S&P Global in a report on Thursday, February 9th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $140.00 price objective (up previously from $130.00) on shares of S&P Global in a report on Thursday, February 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $140.78.
In related news, insider John L. Berisford sold 28,603 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $130.40, for a total transaction of $3,729,831.20. Following the completion of the transaction, the insider now owns 46,863 shares of the company’s stock, valued at $6,110,935.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephanie C. Hill purchased 400 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 400 shares of the company’s stock, valued at approximately $52,340. The disclosure for this purchase can be found here. 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.
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/mufg-americas-holdings-corp-has-2-364-million-position-in-sp-global-inc-spgi/1836278.html
Receive News & Ratings for S&P Global Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc and related companies with MarketBeat.com's FREE daily email newsletter.