AlphaCore Capital LLC Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Key Points

• AlphaCore Capital LLC has acquired a new stake in S&P Global Inc. valued at approximately $434,000 during the first quarter, adding 855 shares of the company.
• S&P Global reported $4.43 EPS for the latest quarter, surpassing analysts' expectations of $4.18, with a revenue of $3.76 billion, up 5.8% year-over-year.
• The company has declared a quarterly dividend of $0.96 per share, with an annualized yield of 0.7% and a payout ratio of 29.54%.

AlphaCore Capital LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 855 shares of the business services provider's stock, valued at approximately $434,000.

A number of other large investors have also made changes to their positions in SPGI. Vanguard Group Inc. raised its stake in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after acquiring an additional 108,729 shares during the period. Northern Trust Corp raised its stake in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after acquiring an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after acquiring an additional 357,790 shares during the period. Goldman Sachs Group Inc. raised its stake in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after acquiring an additional 97,324 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after acquiring an additional 224,294 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPGI. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays boosted their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $611.69.

S&P Global Price Performance

Shares of SPGI traded down $1.05 during mid-day trading on Thursday, hitting $561.54. 206,910 shares of the stock were exchanged, compared to its average volume of 1,279,378. The company has a market cap of $171.44 billion, a PE ratio of 43.17, a price-to-earnings-growth ratio of 2.99 and a beta of 1.19. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a 50-day moving average of $528.18 and a two-hundred day moving average of $512.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is presently 29.54%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.