S&P Global Inc. (SPGI) Holdings Boosted by Bank of Hawaii
Bank of Hawaii boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 187.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,590 shares of the business services provider’s stock after buying an additional 2,995 shares during the quarter. Bank of Hawaii’s holdings in S&P Global were worth $670,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SPGI. UBS Asset Management Americas Inc. increased its position in S&P Global by 8.4% during the first quarter. UBS Asset Management Americas Inc. now owns 686,389 shares of the business services provider’s stock worth $89,738,000 after buying an additional 53,153 shares during the last quarter. Oxford Asset Management acquired a new position in S&P Global during the first quarter worth approximately $1,783,000. Ameritas Investment Partners Inc. increased its position in S&P Global by 8.7% during the first quarter. Ameritas Investment Partners Inc. now owns 10,850 shares of the business services provider’s stock worth $1,417,000 after buying an additional 870 shares during the last quarter. Mason Street Advisors LLC increased its position in S&P Global by 0.7% during the first quarter. Mason Street Advisors LLC now owns 35,709 shares of the business services provider’s stock worth $4,669,000 after buying an additional 265 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in S&P Global by 37.1% during the first quarter. Envestnet Asset Management Inc. now owns 48,351 shares of the business services provider’s stock worth $6,322,000 after buying an additional 13,078 shares during the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of S&P Global Inc. (NYSE:SPGI) traded up 0.04% during midday trading on Thursday, hitting $154.83. The stock had a trading volume of 37,996 shares. The stock’s 50-day moving average price is $151.93 and its 200 day moving average price is $142.61. The company has a market cap of $39.79 billion, a price-to-earnings ratio of 18.04 and a beta of 1.51. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. On average, equities analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current year.
In other 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 owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.
A number of brokerages have weighed in on SPGI. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS AG boosted their price target on S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. BMO Capital Markets boosted their price target on S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and set a $146.00 price target (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Finally, Barclays PLC boosted their price target on S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $157.50.
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S&P Global Profile
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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