Ladenburg Thalmann Financial Services Inc. raised its holdings in S&P Global Inc (NYSE:SPGI) by 71.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,447 shares of the business services provider’s stock after buying an additional 2,261 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in S&P Global were worth $851,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in S&P Global by 11.3% in the second quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after acquiring an additional 1,744,482 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of S&P Global by 4,882.5% in the second quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock worth $254,755,000 after purchasing an additional 1,709,993 shares during the last quarter. AJO LP purchased a new position in shares of S&P Global in the second quarter worth $130,724,000. Alliancebernstein L.P. increased its position in S&P Global by 61.6% during the second quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock valued at $268,235,000 after acquiring an additional 700,194 shares during the last quarter. Finally, American Century Companies Inc. increased its position in S&P Global by 109.6% during the third quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock valued at $184,888,000 after acquiring an additional 618,411 shares during the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.
Shares of S&P Global Inc (NYSE SPGI) traded up $1.24 during midday trading on Friday, hitting $177.64. The stock had a trading volume of 711,200 shares, compared to its average volume of 997,946. The stock has a market capitalization of $45,300.00, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. S&P Global Inc has a 12-month low of $110.91 and a 12-month high of $178.50. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, topping the consensus estimate of $1.52 by $0.19. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. S&P Global’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. research analysts expect that S&P Global Inc will post 6.66 EPS for the current year.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the transaction, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Courtney Geduldig sold 1,596 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $156.50, for a total value of $249,774.00. Following the completion of the transaction, the executive vice president now owns 2,663 shares of the company’s stock, valued at approximately $416,759.50. The disclosure for this sale can be found here. Insiders sold a total of 7,000 shares of company stock valued at $1,104,704 in the last three months. Insiders own 0.20% of the company’s stock.
A number of analysts recently commented on SPGI shares. BMO Capital Markets reiterated a “buy” rating and set a $177.00 price objective on shares of S&P Global in a research report on Friday, October 13th. Morgan Stanley boosted their price target on S&P Global from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Friday, October 6th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a report on Thursday. Barclays upped their price objective on S&P Global from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $176.00 price objective on shares of S&P Global in a research note on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. S&P Global presently has an average rating of “Buy” and an average target price of $171.46.
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About S&P Global
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.
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