Brown Advisory Inc. Cuts Holdings in S&P Global Inc. (SPGI)

Brown Advisory Inc. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,587 shares of the business services provider’s stock after selling 779 shares during the period. Brown Advisory Inc.’s holdings in S&P Global were worth $6,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of S&P Global by 39.3% in the second quarter. Russell Investments Group Ltd. now owns 94,085 shares of the business services provider’s stock valued at $13,738,000 after buying an additional 26,551 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of S&P Global by 678.6% in the second quarter. Acadian Asset Management LLC now owns 4,321 shares of the business services provider’s stock valued at $631,000 after buying an additional 3,766 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of S&P Global by 2.1% in the second quarter. Janney Montgomery Scott LLC now owns 14,203 shares of the business services provider’s stock valued at $2,073,000 after buying an additional 288 shares during the last quarter. Bessemer Group Inc. raised its position in shares of S&P Global by 3.2% in the second quarter. Bessemer Group Inc. now owns 31,655 shares of the business services provider’s stock valued at $4,621,000 after buying an additional 990 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of S&P Global by 16.6% in the second quarter. Daiwa Securities Group Inc. now owns 10,550 shares of the business services provider’s stock valued at $1,540,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

S&P Global Inc. (NYSE:SPGI) traded up $1.29 during trading on Tuesday, reaching $167.46. 1,213,800 shares of the company were exchanged, compared to its average volume of 1,114,830. S&P Global Inc. has a 52-week low of $107.21 and a 52-week high of $169.00. The stock has a market capitalization of $42,373.35, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.00 and a beta of 1.51. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 4.00.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. S&P Global’s revenue was up 5.1% compared to the same quarter last year. analysts anticipate that S&P Global Inc. will post 6.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, November 27th. This represents a $1.64 annualized dividend and a yield of 0.98%. S&P Global’s dividend payout ratio is currently 24.08%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the completion of the sale, the chief executive officer now directly owns 140,743 shares in the company, valued at $22,207,837.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Courtney Geduldig sold 1,596 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $156.50, for a total transaction of $249,774.00. Following the sale, the executive vice president now owns 2,663 shares of the company’s stock, valued at $416,759.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,000 shares of company stock valued at $1,104,704. 0.20% of the stock is owned by insiders.

SPGI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Thursday, September 21st. BMO Capital Markets restated a “buy” rating and issued a $177.00 target price on shares of S&P Global in a report on Friday, October 13th. BidaskClub downgraded shares of S&P Global from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. Cantor Fitzgerald restated a “buy” rating and issued a $177.00 target price on shares of S&P Global in a report on Thursday, October 26th. Finally, UBS boosted their target price on shares of S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $168.27.

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

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