Wafra Investment Advisory Group Inc. NY reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,189 shares of the business services provider’s stock after selling 8,650 shares during the quarter. S&P Global accounts for 0.9% of Wafra Investment Advisory Group Inc. NY’s portfolio, making the stock its 20th biggest holding. Wafra Investment Advisory Group Inc. NY’s holdings in S&P Global were worth $16,962,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in SPGI. Wedbush Securities Inc. lifted its holdings in S&P Global by 0.3% in the second quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 6 shares during the period. Guardian Life Insurance Co. of America lifted its holdings 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 acquiring an additional 10 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in 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 acquiring an additional 30 shares during the period. TNB Financial lifted its holdings in 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 acquiring an additional 42 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in 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 acquiring an additional 50 shares during the period. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
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S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. On average, analysts expect that S&P Global Inc. will post $6.35 EPS for the current year.
In other news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares of the company’s stock, valued at approximately $16,059. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
SPGI has been the topic of a number of recent research reports. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Monday, July 17th. Barclays PLC increased their target price on S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 15th. Morgan Stanley reissued an “equal weight” rating and issued a $146.00 target price (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. Finally, BMO Capital Markets increased their target price on S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $159.00.
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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