Sterling Capital Management LLC lowered its position in shares of S&P Global Inc (NYSE:SPGI) by 35.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,896 shares of the business services provider’s stock after selling 12,414 shares during the quarter. Sterling Capital Management LLC’s holdings in S&P Global were worth $4,668,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in S&P Global by 3.0% during the first quarter. BlackRock Inc. now owns 18,614,680 shares of the business services provider’s stock worth $3,556,522,000 after acquiring an additional 536,165 shares during the last quarter. FMR LLC boosted its position in S&P Global by 6.4% during the second quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock worth $2,181,285,000 after acquiring an additional 642,229 shares during the last quarter. Edgewood Management LLC boosted its position in S&P Global by 1.7% during the second quarter. Edgewood Management LLC now owns 6,456,118 shares of the business services provider’s stock worth $1,316,338,000 after acquiring an additional 110,924 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of S&P Global by 14.0% in the 1st quarter. JPMorgan Chase & Co. now owns 5,722,896 shares of the business services provider’s stock valued at $1,093,416,000 after purchasing an additional 703,369 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its holdings in shares of S&P Global by 0.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,866,387 shares of the business services provider’s stock valued at $380,538,000 after purchasing an additional 14,358 shares during the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.

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

SPGI has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on shares of S&P Global from $205.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, May 29th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Monday, July 2nd. Raymond James lifted their price target on shares of S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Stifel Nicolaus lifted their price target on shares of S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a report on Friday, July 27th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a report on Friday, July 27th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $202.93.

Shares of SPGI stock opened at $211.87 on Friday. S&P Global Inc has a 52 week low of $152.80 and a 52 week high of $217.31. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75. The firm has a market capitalization of $52.81 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 26th. The business services provider reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.04. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the firm posted $1.72 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts expect that S&P Global Inc will post 8.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Tuesday, August 28th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, August 27th. S&P Global’s dividend payout ratio is presently 29.03%.

S&P Global Company Profile

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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