Empire Life Investments Inc. trimmed its stake in shares of S&P Global Inc (NYSE:SPGI) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,024 shares of the business services provider’s stock after selling 73 shares during the quarter. Empire Life Investments Inc.’s holdings in S&P Global were worth $5,058,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC increased its position in S&P Global by 220.0% in the 1st quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 110 shares during the period. We Are One Seven LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $28,000. Moody National Bank Trust Division acquired a new position in S&P Global in the 4th quarter valued at approximately $29,000. Legacy Bridge LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $30,000. Finally, Sontag Advisory LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 83.96% of the company’s stock.
Several brokerages have issued reports on SPGI. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley set a $226.00 price target on shares of S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. UBS Group upped their price target on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Raymond James upped their price target on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, Piper Jaffray Companies upped their price target on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and a consensus target price of $215.18.
SPGI opened at $213.12 on Friday. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $222.00. The company has a quick ratio of 1.37, a current ratio of 1.20 and a debt-to-equity ratio of 11.03. The firm has a market cap of $52.86 billion, a PE ratio of 25.07, a PEG ratio of 1.37 and a beta of 1.16.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the company earned $2.00 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts anticipate that S&P Global Inc will post 9.03 earnings per share for the current fiscal year.
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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).
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