Next Capital Management LLC Raises Holdings in S&P Global Inc (NYSE:SPGI)

Next Capital Management LLC grew its position in shares of S&P Global Inc (NYSE:SPGI) by 89.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 246 shares of the business services provider’s stock after purchasing an additional 116 shares during the quarter. Next Capital Management LLC’s holdings in S&P Global were worth $56,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Granite Investment Advisors LLC grew its holdings in shares of S&P Global by 0.4% during the first quarter. Granite Investment Advisors LLC now owns 13,249 shares of the business services provider’s stock worth $2,790,000 after purchasing an additional 50 shares during the last quarter. First Mercantile Trust Co. boosted its stake in shares of S&P Global by 7.1% during the first quarter. First Mercantile Trust Co. now owns 781 shares of the business services provider’s stock worth $164,000 after buying an additional 52 shares during the period. Psagot Investment House Ltd. boosted its stake in shares of S&P Global by 0.4% during the second quarter. Psagot Investment House Ltd. now owns 12,573 shares of the business services provider’s stock worth $2,864,000 after buying an additional 53 shares during the period. ETF Managers Group LLC boosted its stake in shares of S&P Global by 7.9% during the first quarter. ETF Managers Group LLC now owns 753 shares of the business services provider’s stock worth $159,000 after buying an additional 55 shares during the period. Finally, CNB Bank boosted its stake in shares of S&P Global by 45.9% during the first quarter. CNB Bank now owns 178 shares of the business services provider’s stock worth $37,000 after buying an additional 56 shares during the period. 82.43% of the stock is currently owned by institutional investors.

In related news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total value of $232,053.08. Following the completion of the sale, the chief executive officer now owns 18,723 shares in the company, valued at $4,314,528.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicholas Cafferillo sold 9,911 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $252.95, for a total transaction of $2,506,987.45. Following the completion of the sale, the insider now owns 7,454 shares of the company’s stock, valued at approximately $1,885,489.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,418 shares of company stock valued at $4,113,381. 0.20% of the stock is owned by insiders.



NYSE:SPGI traded up $4.00 during mid-day trading on Friday, reaching $257.17. The stock had a trading volume of 29,069 shares, compared to its average volume of 1,291,009. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $63.64 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.81 and a beta of 1.08. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $262.83. The business has a 50 day simple moving average of $242.73 and a 200 day simple moving average of $218.87.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 EPS for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.15. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.17 earnings per share. As a group, sell-side analysts expect that S&P Global Inc will post 9.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.57 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a yield of 0.89%. S&P Global’s payout ratio is currently 26.82%.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Cantor Fitzgerald increased their target price on shares of S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. assumed coverage on shares of S&P Global in a research note on Wednesday, July 10th. They set an “overweight” rating and a $260.00 target price for the company. Argus increased their target price on shares of S&P Global to $290.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Atlantic Securities downgraded shares of S&P Global from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $220.00 to $260.00 in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. S&P Global currently has a consensus rating of “Buy” and a consensus target price of $252.23.

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).

Further Reading: Trade War

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

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