Redpoint Investment Management Pty Ltd grew its position in S&P Global Inc. (NYSE:SPGI) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,423 shares of the business services provider’s stock after buying an additional 88 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in S&P Global were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC grew its position in S&P Global by 44.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 23,063 shares of the business services provider’s stock worth $8,317,000 after purchasing an additional 7,109 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of S&P Global by 1.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,007,909 shares of the business services provider’s stock valued at $724,052,000 after acquiring an additional 29,220 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of S&P Global by 39.2% in the 3rd quarter. Captrust Financial Advisors now owns 28,778 shares of the business services provider’s stock valued at $10,467,000 after acquiring an additional 8,110 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of S&P Global by 40.9% in the 3rd quarter. SG Americas Securities LLC now owns 10,504 shares of the business services provider’s stock valued at $3,788,000 after acquiring an additional 3,049 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in S&P Global by 1.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 257,112 shares of the business services provider’s stock worth $92,698,000 after buying an additional 4,646 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

NYSE:SPGI opened at $312.05 on Thursday. S&P Global Inc. has a 1 year low of $186.05 and a 1 year high of $379.87. The firm’s fifty day simple moving average is $327.41 and its 200 day simple moving average is $343.25. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 14.74. The firm has a market capitalization of $75.08 billion, a PE ratio of 29.44, a PEG ratio of 3.05 and a beta of 0.99.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, October 27th. The business services provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business posted $2.46 EPS. S&P Global’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts anticipate that S&P Global Inc. will post 11.17 EPS for the current fiscal year.

A number of research firms have issued reports on SPGI. BMO Capital Markets cut their target price on shares of S&P Global from $375.00 to $392.00 in a research report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of S&P Global in a research report on Monday, November 30th. They issued a “buy” rating and a $415.00 target price for the company. BidaskClub upgraded shares of S&P Global from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 5th. Morgan Stanley increased their price target on shares of S&P Global from $404.00 to $411.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Finally, UBS Group increased their price target on shares of S&P Global from $418.00 to $422.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. S&P Global presently has an average rating of “Buy” and a consensus price target of $377.71.

In related news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $339.54, for a total value of $2,376,780.00. Following the transaction, the chief executive officer now directly owns 145,704 shares in the company, valued at approximately $49,472,336.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Read More: Retained Earnings

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

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