Jupiter Asset Management Ltd. Raises Holdings in S&P Global Inc (SPGI)

Jupiter Asset Management Ltd. raised its position in S&P Global Inc (NYSE:SPGI) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,291 shares of the business services provider’s stock after buying an additional 6,657 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in S&P Global were worth $18,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in shares of S&P Global by 14.0% in the first quarter. JPMorgan Chase & Co. now owns 5,722,896 shares of the business services provider’s stock valued at $1,093,416,000 after purchasing an additional 703,369 shares during the period. BlackRock Inc. increased its holdings in shares of S&P Global by 3.0% in the first quarter. BlackRock Inc. now owns 18,614,680 shares of the business services provider’s stock valued at $3,556,522,000 after purchasing an additional 536,165 shares during the period. CI Investments Inc. acquired a new position in shares of S&P Global in the first quarter valued at approximately $69,945,000. Fred Alger Management Inc. increased its holdings in shares of S&P Global by 35.7% in the second quarter. Fred Alger Management Inc. now owns 1,378,339 shares of the business services provider’s stock valued at $281,030,000 after purchasing an additional 362,556 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of S&P Global by 25.6% in the first quarter. American Century Companies Inc. now owns 1,414,243 shares of the business services provider’s stock valued at $270,205,000 after purchasing an additional 288,427 shares during the period. Institutional investors own 83.57% of the company’s stock.

Shares of SPGI stock opened at $202.85 on Monday. S&P Global Inc has a 1-year low of $149.97 and a 1-year high of $217.31. The firm has a market cap of $51.02 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. S&P Global’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.72 earnings per share. equities analysts predict that S&P Global Inc will post 8.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Tuesday, August 28th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Monday, August 27th. S&P Global’s dividend payout ratio (DPR) is 29.03%.

A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on S&P Global from $217.00 to $219.00 and gave the company an “equal weight” rating in a report on Friday, July 27th. BMO Capital Markets boosted their target price on S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a report on Friday, July 27th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Atlantic Securities lowered S&P Global from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Finally, Raymond James boosted their target price on S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $202.93.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total value of $805,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Nancy Luquette sold 350 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $203.35, for a total value of $71,172.50. Following the completion of the sale, the senior vice president now directly owns 531 shares in the company, valued at approximately $107,978.85. The disclosure for this sale can be found here. Insiders sold 6,794 shares of company stock worth $1,363,427 in the last three months. 0.20% of the stock is owned by corporate insiders.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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