State of Alaska Department of Revenue Sells 1,592 Shares of S&P Global Inc (NYSE:SPGI)

State of Alaska Department of Revenue lowered its stake in S&P Global Inc (NYSE:SPGI) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,230 shares of the business services provider’s stock after selling 1,592 shares during the quarter. State of Alaska Department of Revenue’s holdings in S&P Global were worth $8,934,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Packer & Co Ltd raised its holdings in S&P Global by 302.8% in the 2nd quarter. Packer & Co Ltd now owns 801,578 shares of the business services provider’s stock valued at $38,497,000 after buying an additional 602,578 shares during the last quarter. Manning & Napier Group LLC bought a new position in S&P Global in the 1st quarter valued at approximately $103,755,000. Pennsylvania Trust Co raised its holdings in S&P Global by 13,850.4% in the 1st quarter. Pennsylvania Trust Co now owns 414,745 shares of the business services provider’s stock valued at $36,282,000 after buying an additional 411,772 shares during the last quarter. Lazard Asset Management LLC raised its holdings in S&P Global by 24.5% in the 1st quarter. Lazard Asset Management LLC now owns 1,693,668 shares of the business services provider’s stock valued at $356,601,000 after buying an additional 333,020 shares during the last quarter. Finally, Egerton Capital UK LLP raised its holdings in S&P Global by 11.0% in the 1st quarter. Egerton Capital UK LLP now owns 3,339,926 shares of the business services provider’s stock valued at $703,221,000 after buying an additional 330,142 shares during the last quarter. 82.56% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Raymond James raised their price objective on shares of S&P Global from $226.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Morgan Stanley raised their price objective on shares of S&P Global from $232.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, July 10th. Finally, Piper Jaffray Companies raised their price objective on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $226.70.

In other news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total transaction of $232,053.08. Following the completion of the sale, the chief executive officer now owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nancy Luquette sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total transaction of $477,070.00. Following the sale, the senior vice president now directly owns 2,340 shares of the company’s stock, valued at approximately $507,429. The disclosure for this sale can be found here. Insiders have sold a total of 21,312 shares of company stock valued at $4,593,028 in the last three months. Insiders own 0.20% of the company’s stock.

NYSE:SPGI traded up $5.04 on Wednesday, reaching $246.97. 1,370,947 shares of the stock traded hands, compared to its average volume of 866,436. The stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.96 and a beta of 1.09. The firm has a 50 day moving average of $234.38. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.20 and a quick ratio of 1.20. S&P Global Inc has a 1-year low of $156.68 and a 1-year high of $244.98.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 EPS. On average, sell-side analysts predict that S&P Global Inc will post 9.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio is presently 26.82%.

About S&P Global

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

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