S&P Global Inc. (NYSE:SPGI) Position Raised by Cigna Investments Inc. New

Cigna Investments Inc. New boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,059 shares of the business services provider’s stock after buying an additional 1,259 shares during the period. Cigna Investments Inc. New’s holdings in S&P Global were worth $1,760,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 30 shares during the last quarter. TNB Financial raised its position in shares of S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after buying an additional 42 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of S&P Global by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 1,487 shares of the business services provider’s stock valued at $187,000 after buying an additional 48 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after buying an additional 50 shares during the last quarter. 84.35% of the stock is owned by institutional investors and hedge funds.

S&P Global Inc. (NYSE SPGI) traded up 0.09% during midday trading on Friday, reaching $150.10. 1,615,666 shares of the company were exchanged. S&P Global Inc. has a 52-week low of $107.21 and a 52-week high of $158.35. The company has a 50 day moving average of $150.57 and a 200-day moving average of $138.54. The company has a market capitalization of $38.58 billion, a price-to-earnings ratio of 17.49 and a beta of 1.52.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. S&P Global’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, August 24th. S&P Global’s payout ratio is currently 19.16%.

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Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. UBS AG increased their price target on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 price target (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a report on Monday, July 17th. Finally, Barclays PLC raised their price objective on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $153.73.

In related news, Director Marco Alvera acquired 400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $140.09 per share, with a total value of $56,036.00. Following the completion of the purchase, the director now directly owns 400 shares in the company, valued at $56,036. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

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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