S&P Global Inc. (NYSE:SPGI) Shares Acquired by Meyer Handelman Co.

Meyer Handelman Co. raised its holdings in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 153.8% during the second quarter, HoldingsChannel.com reports. The firm owned 3,870 shares of the business services provider’s stock after buying an additional 2,345 shares during the period. Meyer Handelman Co.’s holdings in S&P Global were worth $1,304,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SPGI. Rockefeller Capital Management L.P. boosted its stake in shares of S&P Global by 6.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,296 shares of the business services provider’s stock worth $3,915,000 after acquiring an additional 533 shares in the last quarter. Mutual Advisors LLC increased its holdings in shares of S&P Global by 5.2% during the 4th quarter. Mutual Advisors LLC now owns 625 shares of the business services provider’s stock worth $295,000 after buying an additional 31 shares during the last quarter. Blair William & Co. IL increased its holdings in S&P Global by 9.4% in the 4th quarter. Blair William & Co. IL now owns 40,685 shares of the business services provider’s stock valued at $19,201,000 after purchasing an additional 3,495 shares during the last quarter. Nuveen Asset Management LLC boosted its position in S&P Global by 8.8% in the 4th quarter. Nuveen Asset Management LLC now owns 2,110,993 shares of the business services provider’s stock valued at $996,241,000 after buying an additional 170,581 shares during the period. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in S&P Global in the 4th quarter valued at approximately $189,000. 88.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other S&P Global news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the sale, the executive vice president now directly owns 2,467 shares in the company, valued at $906,597.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other S&P Global news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the sale, the executive vice president now directly owns 2,467 shares in the company, valued at $906,597.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $377.13, for a total transaction of $2,828,475.00. Following the completion of the transaction, the chief executive officer now directly owns 174,890 shares in the company, valued at approximately $65,956,265.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,150 shares of company stock worth $10,146,219. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SPGI shares. UBS Group decreased their price objective on shares of S&P Global from $441.00 to $407.00 and set a “buy” rating for the company in a research report on Monday, June 6th. Oppenheimer boosted their price target on shares of S&P Global from $404.00 to $419.00 and gave the company an “outperform” rating in a research report on Monday, August 29th. Morgan Stanley dropped their price objective on shares of S&P Global from $398.00 to $390.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. Atlantic Securities dropped 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 note on Wednesday, June 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of S&P Global from $483.00 to $418.00 in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $416.43.

S&P Global Stock Down 1.6 %

NYSE SPGI traded down $5.12 during trading hours on Friday, reaching $317.25. 43,951 shares of the company traded hands, compared to its average volume of 1,556,612. S&P Global Inc. has a 12 month low of $311.87 and a 12 month high of $484.21. 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 stock has a market capitalization of $105.80 billion, a PE ratio of 24.02, a PEG ratio of 2.43 and a beta of 1.05. The company has a 50 day moving average of $364.83 and a two-hundred day moving average of $364.65.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3 billion. S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The firm’s revenue was up 42.1% on a year-over-year basis. During the same period last year, the business earned $3.62 EPS. As a group, equities analysts expect 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.

See Also

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIGet Rating).

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

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