Roosevelt Investment Group LLC Sells 341 Shares of S&P Global Inc. (NYSE:SPGI)

Roosevelt Investment Group LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 48,159 shares of the business services provider’s stock after selling 341 shares during the quarter. Roosevelt Investment Group LLC’s holdings in S&P Global were worth $19,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SPGI. TCI Fund Management Ltd. raised its stake in S&P Global by 147.8% in the first quarter. TCI Fund Management Ltd. now owns 5,853,460 shares of the business services provider’s stock valued at $2,065,510,000 after buying an additional 3,491,166 shares during the period. Factorial Partners LLC raised its stake in S&P Global by 35,187.0% in the first quarter. Factorial Partners LLC now owns 2,840,604 shares of the business services provider’s stock valued at $8,050,000 after buying an additional 2,832,554 shares during the period. Capital International Investors raised its stake in S&P Global by 20.5% in the first quarter. Capital International Investors now owns 4,951,337 shares of the business services provider’s stock valued at $1,747,178,000 after buying an additional 843,371 shares during the period. Valley Forge Capital Management LP grew its position in shares of S&P Global by 97.1% in the first quarter. Valley Forge Capital Management LP now owns 1,272,544 shares of the business services provider’s stock valued at $449,043,000 after purchasing an additional 627,003 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of S&P Global by 8.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,786,159 shares of the business services provider’s stock valued at $2,747,502,000 after purchasing an additional 575,677 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

S&P Global stock traded down $0.42 during trading hours on Tuesday, reaching $444.45. 7,430 shares of the company’s stock were exchanged, compared to its average volume of 1,440,229. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 3.09. The firm’s 50 day simple moving average is $435.20 and its 200 day simple moving average is $398.99. The firm has a market capitalization of $107.11 billion, a PE ratio of 43.70, a PEG ratio of 3.43 and a beta of 0.95. S&P Global Inc. has a twelve month low of $303.50 and a twelve month high of $456.63.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 29th. The business services provider reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.34. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2 billion. S&P Global had a return on equity of 347.40% and a net margin of 31.42%. Analysts anticipate that S&P Global Inc. will post 13.13 EPS for the current year.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on S&P Global from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Stifel Nicolaus upped their target price on S&P Global from $446.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, July 6th. Raymond James upped their target price on S&P Global from $443.00 to $455.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. Morgan Stanley upped their target price on S&P Global from $476.00 to $491.00 and gave the company an “overweight” rating in a research report on Friday, July 30th. Finally, Royal Bank of Canada assumed coverage on S&P Global in a research report on Wednesday, July 7th. They set an “outperform” rating and a $476.00 price target on the stock. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $463.90.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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