Capstone Investment Advisors Netherlands B.V. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 34.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,101 shares of the business services provider’s stock after selling 585 shares during the quarter. Capstone Investment Advisors Netherlands B.V.’s holdings in S&P Global were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. QS Investors LLC raised its stake in S&P Global by 11.6% during the 2nd quarter. QS Investors LLC now owns 4,294 shares of the business services provider’s stock valued at $627,000 after purchasing an additional 447 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in S&P Global during the 2nd quarter valued at $328,000. Zacks Investment Management acquired a new position in S&P Global during the 2nd quarter valued at $351,000. Voya Investment Management LLC raised its stake in S&P Global by 1.5% during the 2nd quarter. Voya Investment Management LLC now owns 101,838 shares of the business services provider’s stock valued at $14,868,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Bank of Hawaii raised its stake in S&P Global by 187.8% during the 2nd quarter. Bank of Hawaii now owns 4,590 shares of the business services provider’s stock valued at $670,000 after purchasing an additional 2,995 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

SPGI has been the subject of several research analyst reports. Barclays PLC upped their target price on shares of S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating and set a $146.00 target price (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. BMO Capital Markets upped their target price on shares of S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. Finally, UBS AG upped their target price on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $157.50.

In other news, SVP Nancy Luquette sold 860 shares of S&P Global stock in a transaction on Wednesday, August 23rd. The stock was 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 of the company’s stock, valued at $16,059. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

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Shares of S&P Global Inc. (NYSE:SPGI) traded up 0.50% during trading on Friday, hitting $156.31. 605,056 shares of the stock were exchanged. The company has a market cap of $40.17 billion, a P/E ratio of 18.21 and a beta of 1.51. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $158.35. The firm’s 50-day moving average is $151.93 and its 200 day moving average is $142.61.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.

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

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