Brooklyn Investment Group Has $1.68 Million Stock Position in S&P Global Inc. $SPGI

Key Points

• Brooklyn Investment Group increased its holdings in S&P Global Inc. by 29.4% in the first quarter, bringing their total ownership to $1.68 million worth of stock.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, surpassing analysts' expectations and showing a 5.8% increase in revenue from the previous year.
• The company's quarterly dividend of $0.96 is set to be paid on September 10th, representing an annualized yield of 0.7% and a dividend payout ratio of 29.54%.

Brooklyn Investment Group increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,308 shares of the business services provider's stock after acquiring an additional 751 shares during the period. Brooklyn Investment Group's holdings in S&P Global were worth $1,680,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Freestone Capital Holdings LLC grew its holdings in shares of S&P Global by 0.9% in the first quarter. Freestone Capital Holdings LLC now owns 11,607 shares of the business services provider's stock valued at $5,898,000 after acquiring an additional 108 shares in the last quarter. Makena Capital Management LLC grew its holdings in shares of S&P Global by 88.6% in the first quarter. Makena Capital Management LLC now owns 35,141 shares of the business services provider's stock valued at $17,855,000 after acquiring an additional 16,509 shares in the last quarter. Algert Global LLC grew its holdings in S&P Global by 7.5% during the first quarter. Algert Global LLC now owns 3,420 shares of the business services provider's stock valued at $1,738,000 after purchasing an additional 240 shares during the period. Seven Mile Advisory bought a new position in S&P Global during the first quarter valued at $225,000. Finally, George Kaiser Family Foundation bought a new position in S&P Global during the first quarter valued at $279,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 1.4%

NYSE:SPGI opened at $556.11 on Monday. The company has a market cap of $169.78 billion, a P/E ratio of 42.78, a P/E/G ratio of 2.98 and a beta of 1.19. The stock's fifty day moving average price is $529.89 and its two-hundred day moving average price is $512.46. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick 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 analysts' consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the business posted $4.04 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is 29.54%.

Analyst Ratings Changes

Several brokerages have weighed in on SPGI. Stifel Nicolaus reduced their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their price objective on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Morgan Stanley increased their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and an average price target of $611.69.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.