Stifel Financial Corp Sells 7,509 Shares of S&P Global Inc. (SPGI)
Stifel Financial Corp lowered its position in S&P Global Inc. (NYSE:SPGI) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,743 shares of the business services provider’s stock after selling 7,509 shares during the period. Stifel Financial Corp’s holdings in S&P Global were worth $7,714,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of S&P Global in the second quarter valued at about $106,000. American Beacon Advisors Inc. purchased a new stake in shares of S&P Global in the first quarter valued at about $103,000. Parallel Advisors LLC raised its holdings in shares of 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 purchasing an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of 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 purchasing an additional 10 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings 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 valued at $134,000 after purchasing an additional 947 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total transaction of $130,290.00. Following the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
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Shares of 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 stock has a market cap of $40.87 billion, a P/E 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 posted its 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. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post $6.34 earnings per share for the current year.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of S&P Global from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays PLC increased their target price on shares of S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 15th. BMO Capital Markets increased their target price on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, July 28th. UBS AG increased their target price on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 target price (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. S&P Global presently has a consensus rating of “Buy” and a consensus target price of $157.50.
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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