MML Investors Services LLC Buys Shares of 1,838 S&P Global Inc. (SPGI)
MML Investors Services LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,838 shares of the business services provider’s stock, valued at approximately $268,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Wedbush Securities Inc. increased its position in shares of S&P Global by 0.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock worth $294,000 after purchasing an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position 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 buying an additional 10 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 30 shares in the last quarter. TNB Financial boosted its position in S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after buying an additional 42 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position 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 buying an additional 50 shares in the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.
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In related news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.
Shares of S&P Global Inc. (NYSE SPGI) opened at 157.52 on Tuesday. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35. The firm’s 50-day moving average is $153.26 and its 200-day moving average is $144.22. The company has a market cap of $40.48 billion, a price-to-earnings ratio of 18.35 and a beta of 1.50.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.46 billion. During the same quarter last year, the company posted $1.44 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts expect that S&P Global Inc. will post $6.34 EPS for the current fiscal year.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, August 29th. Barclays PLC lifted their target price on shares of S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. BMO Capital Markets lifted their target price on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. UBS AG boosted their target price on S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $146.00 target price (up from $145.00) on shares of S&P Global in a report on Friday, July 14th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $157.50.
S&P Global Company 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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