1832 Asset Management L.P. trimmed its position in S&P Global Inc (NYSE:SPGI) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 72,763 shares of the business services provider’s stock after selling 40 shares during the period. 1832 Asset Management L.P.’s holdings in S&P Global were worth $18,037,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its holdings in S&P Global by 0.7% in the first quarter. Oppenheimer & Co. Inc. now owns 4,828 shares of the business services provider’s stock valued at $1,183,000 after purchasing an additional 34 shares during the period. Waldron Private Wealth LLC lifted its holdings in shares of S&P Global by 3.6% during the first quarter. Waldron Private Wealth LLC now owns 1,006 shares of the business services provider’s stock worth $246,000 after purchasing an additional 35 shares during the period. Marks Group Wealth Management Inc lifted its holdings in shares of S&P Global by 0.3% during the first quarter. Marks Group Wealth Management Inc now owns 10,742 shares of the business services provider’s stock worth $2,610,000 after purchasing an additional 37 shares during the period. Highland Private Wealth Management lifted its holdings in shares of S&P Global by 5.0% during the first quarter. Highland Private Wealth Management now owns 835 shares of the business services provider’s stock worth $205,000 after purchasing an additional 40 shares during the period. Finally, Arjuna Capital lifted its holdings in shares of S&P Global by 1.9% during the first quarter. Arjuna Capital now owns 2,193 shares of the business services provider’s stock worth $537,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

SPGI has been the subject of several recent research reports. ValuEngine raised S&P Global from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Barclays increased their price target on S&P Global from $260.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. UBS Group increased their price target on S&P Global from $275.00 to $332.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets increased their price target on S&P Global from $322.00 to $365.00 in a report on Monday, June 8th. Finally, Credit Suisse Group initiated coverage on S&P Global in a report on Friday, May 29th. They issued an “outperform” rating and a $345.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $306.40.

Shares of S&P Global stock traded down $2.99 on Friday, reaching $324.83. 11,977 shares of the company were exchanged, compared to its average volume of 1,243,535. The stock has a fifty day moving average price of $316.03 and a 200-day moving average price of $285.01. The firm has a market capitalization of $76.61 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 3.15 and a beta of 1.06. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 8.52. S&P Global Inc has a fifty-two week low of $186.05 and a fifty-two week high of $334.66.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.37. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.67 billion. S&P Global had a return on equity of 758.90% and a net margin of 34.02%. S&P Global’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 earnings per share. On average, equities analysts anticipate that S&P Global Inc will post 10.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, August 25th. S&P Global’s payout ratio is 28.12%.

S&P Global Company 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).

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

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