United Capital Financial Advisers LLC Sells 106,311 Shares of S&P Global Inc (NYSE:SPGI)

United Capital Financial Advisers LLC reduced its holdings in shares of S&P Global Inc (NYSE:SPGI) by 61.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,094 shares of the business services provider’s stock after selling 106,311 shares during the quarter. United Capital Financial Advisers LLC’s holdings in S&P Global were worth $15,055,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. San Francisco Sentry Investment Group CA grew its stake in shares of S&P Global by 2.1% in the second quarter. San Francisco Sentry Investment Group CA now owns 2,161 shares of the business services provider’s stock valued at $492,000 after buying an additional 45 shares in the last quarter. Pearl River Capital LLC grew its stake in shares of S&P Global by 8.9% in the second quarter. Pearl River Capital LLC now owns 549 shares of the business services provider’s stock valued at $125,000 after buying an additional 45 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of S&P Global by 7.1% in the first quarter. First Mercantile Trust Co. now owns 781 shares of the business services provider’s stock valued at $164,000 after buying an additional 52 shares in the last quarter. Psagot Investment House Ltd. grew its stake in shares of S&P Global by 0.4% in the second quarter. Psagot Investment House Ltd. now owns 12,573 shares of the business services provider’s stock valued at $2,864,000 after buying an additional 53 shares in the last quarter. Finally, ETF Managers Group LLC grew its stake in shares of S&P Global by 7.9% in the first quarter. ETF Managers Group LLC now owns 753 shares of the business services provider’s stock valued at $159,000 after buying an additional 55 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

In other news, EVP Steven J. Kemps sold 5,500 shares of S&P Global stock in a transaction on Monday, August 5th. The stock was sold at an average price of $249.88, for a total transaction of $1,374,340.00. Following the completion of the sale, the executive vice president now owns 7,540 shares of the company’s stock, valued at $1,884,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of S&P Global stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total value of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The disclosure for this sale can be found here. Insiders have sold a total of 23,425 shares of company stock valued at $5,898,602 in the last ninety days. Insiders own 0.20% of the company’s stock.

S&P Global stock traded down $1.81 during mid-day trading on Friday, hitting $250.07. 1,292,428 shares of the company’s stock traded hands, compared to its average volume of 1,256,252. The firm has a 50 day simple moving average of $255.42 and a two-hundred day simple moving average of $227.29. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $269.57. The stock has a market cap of $62.07 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.74 and a beta of 1.07. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.15. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $2.17 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that S&P Global Inc will post 9.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, August 26th. S&P Global’s dividend payout ratio is 26.82%.

Several research firms recently weighed in on SPGI. Edward Jones began coverage on shares of S&P Global in a research note on Wednesday. They issued a “buy” rating for the company. Morgan Stanley raised their target price on shares of S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. began coverage on shares of S&P Global in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $260.00 target price for the company. BMO Capital Markets raised their target price on shares of S&P Global to $255.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Finally, Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating and raised their target price for the company from $220.00 to $260.00 in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $252.23.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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