Zurcher Kantonalbank Zurich Cantonalbank Reduces Stake in S&P Global Inc (SPGI)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in S&P Global Inc (NYSE:SPGI) by 16.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,034 shares of the business services provider’s stock after selling 11,636 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in S&P Global were worth $7,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Quadrant Capital Group LLC boosted its position in S&P Global by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 1,487 shares of the business services provider’s stock worth $187,000 after buying an additional 48 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in S&P Global by 0.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,910 shares of the business services provider’s stock worth $845,000 after buying an additional 65 shares during the period. CENTRAL TRUST Co boosted its position in S&P Global by 2.6% in the first quarter. CENTRAL TRUST Co now owns 3,786 shares of the business services provider’s stock worth $495,000 after buying an additional 96 shares during the period. Whittier Trust Co. boosted its position in S&P Global by 6.6% in the first quarter. Whittier Trust Co. now owns 1,556 shares of the business services provider’s stock worth $203,000 after buying an additional 96 shares during the period. Finally, Trust Co. of Vermont boosted its position 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 period. 86.33% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

S&P Global Inc (NYSE:SPGI) traded up 0.53% on Friday, hitting $138.18. The stock had a trading volume of 473,405 shares. The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 16.48 and a beta of 1.49. The company has a 50-day moving average price of $133.43 and a 200-day moving average price of $124.44. S&P Global Inc has a 1-year low of $99.15 and a 1-year high of $139.45.

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

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

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A number of research analysts have recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $153.00 target price (up previously from $139.00) on shares of S&P Global in a report on Wednesday, April 26th. Raymond James Financial, Inc. raised shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a 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 target price for the company in a report on Tuesday, April 11th. Piper Jaffray Companies reissued an “overweight” rating and issued a $160.00 target price (up previously from $137.00) on shares of S&P Global in a report on Thursday, February 9th. Finally, Barclays PLC reissued an “overweight” rating and issued a $140.00 target price (up previously from $130.00) on shares of S&P Global in a 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of $140.78.

In related news, insider John L. Berisford sold 28,603 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $130.40, for a total value of $3,729,831.20. Following the completion of the sale, the insider now owns 46,863 shares in the company, valued at approximately $6,110,935.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephanie C. Hill bought 400 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average price of $130.85 per share, with a total value of $52,340.00. Following the transaction, the director now directly owns 400 shares in the company, valued at $52,340. The disclosure for this purchase can be found here. Insiders own 0.60% 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.

5 Day Chart for NYSE:SPGI

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