MARSHALL WACE ASIA Ltd decreased its position in shares of S&P Global Inc (NYSE:SPGI) by 12.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 387,943 shares of the business services provider’s stock after selling 54,409 shares during the period. S&P Global comprises about 2.6% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 14th largest holding. MARSHALL WACE ASIA Ltd owned about 0.15% of S&P Global worth $75,801,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC grew its stake in shares of S&P Global by 800.7% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock worth $121,000 after buying an additional 22,042 shares during the last quarter. Capital Guardian Trust Co. purchased a new stake in shares of S&P Global in the 3rd quarter worth approximately $134,000. Sun Life Financial INC grew its stake in shares of S&P Global by 209.0% in the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after buying an additional 462 shares during the last quarter. Advisory Research Inc. purchased a new stake in shares of S&P Global in the 3rd quarter worth approximately $200,000. Finally, Fiera Capital Corp purchased a new stake in shares of S&P Global in the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.
SPGI has been the topic of several recent research reports. UBS Group cut their price target on S&P Global from $242.00 to $241.00 and set a “buy” rating on the stock in a research note on Friday, September 21st. Zacks Investment Research cut S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine cut S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Morgan Stanley set a $204.00 price objective on S&P Global and gave the company a “hold” rating in a research report on Thursday, October 11th. Finally, Wells Fargo & Co lowered their price objective on S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $208.00.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.10. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. On average, research analysts predict that S&P Global Inc will post 8.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. S&P Global’s payout ratio is 29.03%.
In other news, SVP Nancy Luquette sold 225 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $183.51, for a total transaction of $41,289.75. Following the transaction, the senior vice president now directly owns 306 shares of the company’s stock, valued at approximately $56,154.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.
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S&P Global Profile
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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