First Manhattan Co. lowered its position in S&P Global Inc. (NYSE:SPGI) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,326 shares of the business services provider’s stock after selling 16,712 shares during the quarter. First Manhattan Co. owned approximately 0.07% of S&P Global worth $26,623,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Teachers Advisors LLC boosted its stake in shares of S&P Global by 5.6% during the 1st quarter. Teachers Advisors LLC now owns 372,055 shares of the business services provider’s stock worth $48,642,000 after acquiring an additional 19,822 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of S&P Global by 5.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,490 shares of the business services provider’s stock worth $1,241,000 after acquiring an additional 470 shares in the last quarter. Cypress Capital Group bought a new stake in shares of S&P Global during the 1st quarter worth about $1,152,000. Soros Fund Management LLC bought a new stake in shares of S&P Global during the 1st quarter worth about $275,000. Finally, AQR Capital Management LLC boosted its stake in shares of S&P Global by 13.1% during the 1st quarter. AQR Capital Management LLC now owns 576,653 shares of the business services provider’s stock worth $75,392,000 after acquiring an additional 66,671 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
S&P Global Inc. (NYSE SPGI) traded down 0.93% during trading on Tuesday, hitting $154.80. The company had a trading volume of 226,748 shares. S&P Global Inc. has a one year low of $107.21 and a one year high of $166.17. The stock has a 50-day moving average of $158.10 and a 200-day moving average of $148.75. The stock has a market capitalization of $39.78 billion, a PE ratio of 18.04 and a beta of 1.50.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.19. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.43 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post $6.51 EPS for the current year.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the sale, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.
Several analysts have recently issued reports on SPGI shares. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Monday, August 14th. UBS AG upped their price target on S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. BMO Capital Markets reiterated a “buy” rating and set a $177.00 price target on shares of S&P Global in a research note on Friday, October 13th. BidaskClub downgraded S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $177.00 price target on shares of S&P Global in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $164.75.
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.
What are top analysts saying about S&P Global Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for S&P Global Inc. and related companies.