BlueMountain Capital Management LLC lessened its position in shares of S&P Global Inc (NYSE:SPGI) by 77.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 855 shares of the business services provider’s stock after selling 2,961 shares during the quarter. BlueMountain Capital Management LLC’s holdings in S&P Global were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Dock Street Asset Management Inc. lifted its holdings in shares of S&P Global by 0.6% in the 2nd quarter. Dock Street Asset Management Inc. now owns 58,996 shares of the business services provider’s stock valued at $12,029,000 after buying an additional 345 shares during the period. Richard Bernstein Advisors LLC lifted its holdings in shares of S&P Global by 4.6% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 27,756 shares of the business services provider’s stock valued at $5,659,000 after buying an additional 1,210 shares during the period. Intrust Bank NA lifted its holdings in shares of S&P Global by 9.0% in the 2nd quarter. Intrust Bank NA now owns 3,611 shares of the business services provider’s stock valued at $736,000 after buying an additional 299 shares during the period. Granite Investment Partners LLC lifted its holdings in shares of S&P Global by 34.5% in the 2nd quarter. Granite Investment Partners LLC now owns 66,083 shares of the business services provider’s stock valued at $13,474,000 after buying an additional 16,937 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of S&P Global by 8.1% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 89,291 shares of the business services provider’s stock valued at $18,206,000 after buying an additional 6,657 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total value of $805,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nancy Luquette sold 350 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total value of $71,172.50. Following the completion of the transaction, the senior vice president now directly owns 531 shares of the company’s stock, valued at approximately $107,978.85. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

SPGI has been the subject of several analyst reports. UBS Group decreased their price objective on S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley boosted their price objective on S&P Global from $217.00 to $219.00 and gave the company an “equal weight” rating in a report on Friday, July 27th. Raymond James boosted their price objective on S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Atlantic Securities cut S&P Global from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Finally, Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Monday, July 2nd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. S&P Global presently has an average rating of “Buy” and a consensus target price of $206.93.

NYSE SPGI opened at $210.30 on Tuesday. The stock has a market capitalization of $53.18 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.22. S&P Global Inc has a twelve month low of $153.25 and a twelve month high of $217.31. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 5.75.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. S&P Global’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. equities research analysts expect that S&P Global Inc will post 8.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Tuesday, August 28th were issued a $0.50 dividend. The ex-dividend date was Monday, August 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. S&P Global’s payout ratio is 29.03%.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides 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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