S&P Global Inc. (SPGI) Shares Sold by Fieldpoint Private Securities LLC
Fieldpoint Private Securities LLC cut its position in S&P Global Inc. (NYSE:SPGI) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,252 shares of the business services provider’s stock after selling 505 shares during the period. S&P Global makes up 3.8% of Fieldpoint Private Securities LLC’s holdings, making the stock its 3rd largest position. Fieldpoint Private Securities LLC’s holdings in S&P Global were worth $5,584,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in SPGI. Koch Industries Inc. acquired a new stake in shares of S&P Global during the first quarter worth about $365,000. Schwab Charles Investment Management Inc. boosted its position in S&P Global by 5.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 815,937 shares of the business services provider’s stock worth $106,676,000 after purchasing an additional 38,665 shares in the last quarter. Davis Selected Advisers boosted its position in S&P Global by 2.7% in the 2nd quarter. Davis Selected Advisers now owns 181,288 shares of the business services provider’s stock worth $26,466,000 after purchasing an additional 4,810 shares in the last quarter. Bridgewater Associates LP purchased a new stake in S&P Global in the 1st quarter worth approximately $3,860,000. Finally, Israel Discount Bank of New York purchased a new stake in S&P Global in the 1st quarter worth approximately $222,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.
SPGI has been the topic of a number of analyst reports. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Monday, July 17th. Barclays PLC boosted their price target on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up from $145.00) on shares of S&P Global in a research report on Friday, July 14th. BMO Capital Markets upped their price objective on shares of S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research report on Friday, July 14th. Finally, UBS AG increased their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report 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. S&P Global has an average rating of “Buy” and an average price target of $157.50.
Shares of S&P Global Inc. (SPGI) traded up 0.6829% during mid-day trading on Monday, hitting $157.3775. The company had a trading volume of 180,040 shares. The firm has a market capitalization of $40.45 billion, a P/E ratio of 18.3360 and a beta of 1.50. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $158.35. The firm has a 50-day moving average price of $151.93 and a 200 day moving average price of $142.61.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.15. The business had revenue of $1.51 billion for 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 was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. On average, equities research analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
In related 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 transaction, the senior vice president now directly owns 106 shares of the company’s stock, valued at $16,059. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.
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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