Haverford Trust Co. Has $62.31 Million Holdings in S&P Global Inc (SPGI)

Haverford Trust Co. grew its holdings in shares of S&P Global Inc (NYSE:SPGI) by 19,883.2% in the first quarter, HoldingsChannel.com reports. The fund owned 295,951 shares of the business services provider’s stock after buying an additional 294,470 shares during the period. Haverford Trust Co.’s holdings in S&P Global were worth $62,312,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CAPROCK Group Inc. boosted its position in S&P Global by 17.1% during the 1st quarter. CAPROCK Group Inc. now owns 1,620 shares of the business services provider’s stock worth $341,000 after acquiring an additional 236 shares during the period. Nordea Investment Management AB boosted its position in S&P Global by 3.3% during the 4th quarter. Nordea Investment Management AB now owns 409,183 shares of the business services provider’s stock worth $69,538,000 after acquiring an additional 12,882 shares during the period. Legal & General Group Plc boosted its position in S&P Global by 9.1% during the 4th quarter. Legal & General Group Plc now owns 1,291,174 shares of the business services provider’s stock worth $219,379,000 after acquiring an additional 107,927 shares during the period. Bbva Compass Bancshares Inc. boosted its position in S&P Global by 3.4% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 4,903 shares of the business services provider’s stock worth $1,032,000 after acquiring an additional 163 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of S&P Global by 11.1% in the first quarter. Quadrant Capital Group LLC now owns 1,611 shares of the business services provider’s stock valued at $327,000 after buying an additional 161 shares during the period. Institutional investors own 81.94% of the company’s stock.

Several analysts have recently weighed in on the company. Raymond James upped their price objective on S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Zacks Investment Research lowered S&P Global from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. UBS Group lowered S&P Global from a “buy” rating to a “neutral” rating and upped their price objective for the company from $200.00 to $205.00 in a report on Friday, February 8th. Finally, Piper Jaffray Companies upped their price objective on S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $217.55.

Shares of S&P Global stock opened at $214.33 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 11.03. The firm has a market capitalization of $52.77 billion, a PE ratio of 25.22, a PEG ratio of 1.74 and a beta of 1.16. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $222.00.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. Equities analysts anticipate that S&P Global Inc will post 9.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.

In other news, insider John L. Berisford sold 9,669 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the sale, the insider now directly owns 26,344 shares of the company’s stock, valued at $5,327,283.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nancy Luquette sold 2,200 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total value of $477,070.00. Following the sale, the senior vice president now directly owns 2,340 shares in the company, valued at $507,429. The disclosure for this sale can be found here. Insiders have sold 33,555 shares of company stock worth $7,039,419 over the last ninety days. 0.20% of the stock is owned by insiders.

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S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Further Reading: Are all No-Load Funds Equal?

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

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