Security National Trust Co. Sells 60 Shares of S&P Global Inc (NYSE:SPGI)

Security National Trust Co. lowered its stake in S&P Global Inc (NYSE:SPGI) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,155 shares of the business services provider’s stock after selling 60 shares during the period. Security National Trust Co.’s holdings in S&P Global were worth $263,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in S&P Global by 0.9% in the second quarter. Vanguard Group Inc. now owns 20,916,210 shares of the business services provider’s stock valued at $4,764,503,000 after acquiring an additional 193,682 shares during the last quarter. BlackRock Inc. grew its holdings in shares of S&P Global by 2.1% during the second quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock worth $3,805,622,000 after purchasing an additional 339,310 shares during the last quarter. Edgewood Management LLC grew its holdings in shares of S&P Global by 0.3% during the second quarter. Edgewood Management LLC now owns 6,451,886 shares of the business services provider’s stock worth $1,469,675,000 after purchasing an additional 20,045 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of S&P Global by 2.0% during the first quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock worth $887,238,000 after purchasing an additional 80,700 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of S&P Global by 0.4% during the first quarter. Northern Trust Corp now owns 3,108,165 shares of the business services provider’s stock worth $654,425,000 after purchasing an additional 12,880 shares during the last quarter. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Shares of S&P Global stock traded up $2.80 during midday trading on Wednesday, reaching $254.58. The company had a trading volume of 925,549 shares, compared to its average volume of 1,235,296. The stock has a fifty day moving average price of $256.48 and a 200 day moving average price of $230.15. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $61.97 billion, a PE ratio of 29.95, a P/E/G ratio of 2.74 and a beta of 1.07. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $269.57.



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

Several analysts have recently weighed in on SPGI shares. Raymond James boosted their price target on S&P Global from $246.00 to $272.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Atlantic Securities cut S&P Global from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $220.00 to $260.00 in a report on Tuesday, August 6th. Argus boosted their price target on S&P Global to $290.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. started coverage on S&P Global in a report on Wednesday, July 10th. They set an “overweight” rating and a $260.00 price target on the stock. Finally, UBS Group boosted their price target on S&P Global from $252.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $252.23.

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $254.83, for a total value of $1,528,980.00. Following the transaction, the chief executive officer now directly owns 163,731 shares of the company’s stock, valued at $41,723,570.73. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicholas Cafferillo sold 9,911 shares of S&P Global stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $252.95, for a total value of $2,506,987.45. Following the completion of the transaction, the insider now directly owns 7,454 shares in the company, valued at $1,885,489.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,425 shares of company stock worth $5,898,602. 0.20% of the stock is owned by insiders.

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).

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

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