Oak Asset Management LLC Purchases Shares of 595 S&P Global Inc. (NYSE:SPGI)

Oak Asset Management LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGIGet Rating) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 595 shares of the business services provider’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Carolinas Wealth Consulting LLC lifted its holdings in S&P Global by 714.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of S&P Global in the first quarter worth about $25,000. Addison Advisors LLC lifted its holdings in shares of S&P Global by 273.7% in the first quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock worth $29,000 after buying an additional 52 shares in the last quarter. Column Capital Advisors LLC lifted its holdings in shares of S&P Global by 7,700.0% in the first quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock worth $32,000 after buying an additional 77 shares in the last quarter. Finally, Mascoma Wealth Management LLC purchased a new stake in shares of S&P Global in the first quarter worth about $34,000. Institutional investors own 88.15% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several research analyst reports. Robert W. Baird decreased their price objective on shares of S&P Global from $472.00 to $414.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. UBS Group decreased their price objective on shares of S&P Global from $441.00 to $407.00 and set a “buy” rating on the stock in a research report on Monday, June 6th. Atlantic Securities decreased their price objective on shares of S&P Global from $440.00 to $375.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 8th. Raymond James reduced their price target on shares of S&P Global from $462.00 to $417.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of S&P Global from $483.00 to $418.00 in a research report on Thursday, June 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $416.43.

Insider Buying and Selling

In other S&P Global news, insider John L. Berisford sold 13,450 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the completion of the sale, the insider now directly owns 24,430 shares in the company, valued at approximately $9,053,513.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the transaction, the executive vice president now directly owns 2,467 shares of the company’s stock, valued at approximately $906,597.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John L. Berisford sold 13,450 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $370.59, for a total value of $4,984,435.50. Following the completion of the transaction, the insider now directly owns 24,430 shares in the company, valued at $9,053,513.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,150 shares of company stock worth $10,146,219. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Down 0.8 %

S&P Global stock traded down $2.74 on Friday, hitting $319.63. 37,695 shares of the stock traded hands, compared to its average volume of 1,556,612. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.27. The firm has a market cap of $106.60 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. The business’s fifty day simple moving average is $364.83 and its 200 day simple moving average is $364.65. S&P Global Inc. has a 1 year low of $311.87 and a 1 year high of $484.21.

S&P Global (NYSE:SPGIGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.10). The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3 billion. S&P Global had a return on equity of 17.22% and a net margin of 38.49%. S&P Global’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.62 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 11.49 earnings per share for the current year.

About S&P Global

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S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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

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