Penserra Capital Management LLC Has $299,000 Stake in S&P Global Inc (SPGI)

Penserra Capital Management LLC grew its position in S&P Global Inc (NYSE:SPGI) by 73.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,770 shares of the business services provider’s stock after acquiring an additional 747 shares during the period. Penserra Capital Management LLC’s holdings in S&P Global were worth $299,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SPGI. Sentry Investment Management LLC boosted its holdings in S&P Global by 2.7% during the fourth quarter. Sentry Investment Management LLC now owns 20,449 shares of the business services provider’s stock worth $3,464,000 after buying an additional 543 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in S&P Global by 89.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock worth $142,000 after buying an additional 396 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in S&P Global by 12.9% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 28,544 shares of the business services provider’s stock worth $4,835,000 after buying an additional 3,264 shares in the last quarter. EFG Asset Management Americas Corp. boosted its holdings in S&P Global by 12.4% during the fourth quarter. EFG Asset Management Americas Corp. now owns 11,601 shares of the business services provider’s stock worth $1,965,000 after buying an additional 1,284 shares in the last quarter. Finally, NuWave Investment Management LLC purchased a new stake in S&P Global during the fourth quarter worth about $172,000. 85.21% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Inc (NYSE:SPGI) opened at $186.03 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13. The stock has a market cap of $46,194.57, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.52. S&P Global Inc has a 52-week low of $126.30 and a 52-week high of $186.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. equities analysts expect that S&P Global Inc will post 8.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. This is a boost from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s payout ratio is presently 28.37%.

A number of research firms recently commented on SPGI. Argus boosted their price objective on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of S&P Global from $183.00 to $186.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Susquehanna Bancshares downgraded shares of S&P Global from a “positive” rating to a “neutral” rating in a report on Wednesday, February 7th. Cantor Fitzgerald boosted their price objective on shares of S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $176.00 price objective on shares of S&P Global in a report on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. S&P Global presently has a consensus rating of “Buy” and an average target price of $190.36.

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S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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

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