Qtron Investments LLC Increases Holdings in S&P Global Inc. $SPGI

Key Points

• Qtron Investments LLC has increased its stake in S&P Global Inc. by 32.0% in the first quarter, owning 5,056 shares worth approximately $2.57 million.
• S&P Global recently reported earnings of $4.43 per share, exceeding analysts' expectations and displaying a year-over-year revenue growth of 5.8%.
• The firm announced a quarterly dividend of $0.96 per share, resulting in an annualized yield of 0.7%, with a dividend payout ratio of 29.54%.

Qtron Investments LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 32.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,056 shares of the business services provider's stock after purchasing an additional 1,227 shares during the period. Qtron Investments LLC's holdings in S&P Global were worth $2,569,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SPGI. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares during the period. GHE LLC boosted its position in S&P Global by 2.1% during the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after purchasing an additional 274 shares during the period. XTX Topco Ltd purchased a new stake in S&P Global during the 4th quarter worth $355,000. Finally, Zacks Investment Management boosted its position in S&P Global by 22.5% during the 4th quarter. Zacks Investment Management now owns 638 shares of the business services provider's stock worth $318,000 after purchasing an additional 117 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.4%

NYSE:SPGI opened at $556.11 on Monday. The company has a market capitalization of $169.78 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a 50-day simple moving average of $529.89 and a 200 day simple moving average of $512.46. 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 earnings results 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 net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company posted $4.04 earnings per share. S&P Global's revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SPGI shares. BMO Capital Markets upped their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Robert W. Baird decreased their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Barclays upped their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price 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.

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