GSA Capital Partners LLP Has $744,000 Holdings in S&P Global Inc. (SPGI)
GSA Capital Partners LLP cut its holdings in S&P Global Inc. (NYSE:SPGI) by 55.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,095 shares of the business services provider’s stock after selling 6,273 shares during the quarter. GSA Capital Partners LLP’s holdings in S&P Global were worth $744,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American Beacon Advisors Inc. acquired a new stake in S&P Global in the first quarter valued at approximately $103,000. Penserra Capital Management LLC acquired a new stake in S&P Global in the second quarter valued at approximately $106,000. Guardian Life Insurance Co. of America lifted its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 10 shares during the last quarter. Parallel Advisors LLC lifted its stake in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 50 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of S&P Global by 1,214.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock worth $134,000 after buying an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.
S&P Global Inc. (NYSE:SPGI) opened at 159.04 on Friday. The company’s 50-day moving average is $153.93 and its 200-day moving average is $144.64. The company has a market cap of $40.87 billion, a price-to-earnings ratio of 18.53 and a beta of 1.50. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $160.00.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global Inc. will post $6.34 earnings per share for the current year.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares of the company’s stock, valued at $16,059. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets boosted their price objective on shares of S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research note on Friday, July 14th. Morgan Stanley restated an “equal weight” rating and issued a $146.00 price objective (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. UBS AG boosted their price objective on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Barclays PLC boosted their price objective on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $157.50.
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S&P Global Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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