S&P Global Inc (NYSE:SPGI) is Summit Global Investments’ Largest Position

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Summit Global Investments decreased its position in S&P Global Inc (NYSE:SPGI) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,806 shares of the business services provider’s stock after selling 2,429 shares during the period. S&P Global makes up approximately 2.9% of Summit Global Investments’ holdings, making the stock its biggest position. Summit Global Investments’ holdings in S&P Global were worth $22,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Lunia Capital LP boosted its holdings in shares of S&P Global by 31,814.2% in the fourth quarter. Lunia Capital LP now owns 19,336,793 shares of the business services provider’s stock valued at $19,337,000 after acquiring an additional 19,276,203 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of S&P Global by 7,358.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 5,345,720 shares in the last quarter. Norges Bank bought a new position in shares of S&P Global in the fourth quarter valued at approximately $391,635,000. Jennison Associates LLC boosted its holdings in shares of S&P Global by 38.0% in the fourth quarter. Jennison Associates LLC now owns 4,214,877 shares of the business services provider’s stock valued at $716,276,000 after acquiring an additional 1,159,521 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of S&P Global by 28.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,241,090 shares of the business services provider’s stock valued at $380,851,000 after acquiring an additional 497,129 shares in the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.

Shares of NYSE:SPGI traded down $0.44 during mid-day trading on Friday, hitting $224.01. The stock had a trading volume of 10,419 shares, compared to its average volume of 1,047,053. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $55.20 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. S&P Global Inc has a 12-month low of $156.68 and a 12-month high of $229.00.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.01). The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $2.00 EPS. On average, equities analysts predict that S&P Global Inc will post 9.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were given a $0.57 dividend. The ex-dividend date was Tuesday, May 28th. This represents a $2.28 annualized dividend and a dividend yield of 1.02%. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.

Several research firms recently commented on SPGI. Morgan Stanley set a $223.00 target price on shares of S&P Global and gave the company a “hold” rating in a research note on Thursday. UBS Group raised shares of S&P Global from a “neutral” rating to a “buy” rating and increased their target price for the company from $228.00 to $252.00 in a research note on Tuesday, May 21st. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Raymond James increased their target price on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, Piper Jaffray Companies increased their target price on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $217.27.

In related news, CEO Alexander Matturri, Jr. sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total value of $368,525.20. Following the completion of the sale, the chief executive officer now owns 19,478 shares in the company, valued at approximately $4,010,130.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ewout L. Steenbergen sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $215.59, for a total transaction of $1,724,720.00. Following the completion of the sale, the chief financial officer now owns 15,694 shares of the company’s stock, valued at approximately $3,383,469.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,095 shares of company stock valued at $4,729,500. 0.20% of the stock is owned by insiders.

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S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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