Kornitzer Capital Management Inc. KS Has $7.11 Million Stock Position in S&P Global Inc (NYSE:SPGI)

Kornitzer Capital Management Inc. KS reduced its holdings in shares of S&P Global Inc (NYSE:SPGI) by 78.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,227 shares of the business services provider’s stock after selling 111,290 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in S&P Global were worth $7,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Granite Investment Advisors LLC boosted its holdings in S&P Global by 0.4% during the first quarter. Granite Investment Advisors LLC now owns 13,249 shares of the business services provider’s stock worth $2,790,000 after purchasing an additional 50 shares during the last quarter. First Mercantile Trust Co. boosted its stake in S&P Global by 7.1% in the first quarter. First Mercantile Trust Co. now owns 781 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 52 shares during the last quarter. Psagot Investment House Ltd. boosted its stake in S&P Global by 0.4% in the second quarter. Psagot Investment House Ltd. now owns 12,573 shares of the business services provider’s stock valued at $2,864,000 after acquiring an additional 53 shares during the last quarter. ETF Managers Group LLC boosted its stake in S&P Global by 7.9% in the first quarter. ETF Managers Group LLC now owns 753 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 55 shares during the last quarter. Finally, CNB Bank boosted its stake in S&P Global by 45.9% in the first quarter. CNB Bank now owns 178 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 82.43% of the company’s stock.

NYSE SPGI opened at $250.11 on Thursday. The company has a 50 day simple moving average of $242.21. S&P Global Inc has a 12-month low of $156.68 and a 12-month high of $262.83. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 7.52. The company has a market capitalization of $62.60 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.76 and a beta of 1.08.



S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.15. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts expect that S&P Global Inc will post 9.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 26.82%.

SPGI has been the topic of a number of research analyst reports. Raymond James boosted their target price on shares of S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their target price on shares of S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $220.00 to $260.00 in a research note on Tuesday, August 6th. BMO Capital Markets boosted their target price on shares of S&P Global to $255.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald boosted their target price on shares of S&P Global from $244.00 to $294.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. S&P Global currently has an average rating of “Buy” and an average target price of $252.23.

In related news, EVP Steven J. Kemps sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $249.88, for a total transaction of $1,374,340.00. Following the sale, the executive vice president now owns 7,540 shares of the company’s stock, valued at approximately $1,884,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares in the company, valued at approximately $4,314,528.12. The disclosure for this sale can be found here. In the last three months, insiders sold 16,418 shares of company stock worth $4,113,381. Insiders own 0.20% of the company’s stock.

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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