Baldwin Brothers Inc. MA Decreases Stake in S&P Global Inc (NYSE:SPGI)

Baldwin Brothers Inc. MA reduced its holdings in S&P Global Inc (NYSE:SPGI) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,955 shares of the business services provider’s stock after selling 250 shares during the period. Baldwin Brothers Inc. MA’s holdings in S&P Global were worth $969,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SPGI. First Trust Advisors LP lifted its stake in shares of S&P Global by 36.8% in the first quarter. First Trust Advisors LP now owns 219,918 shares of the business services provider’s stock worth $46,304,000 after buying an additional 59,216 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of S&P Global by 0.7% in the first quarter. Private Advisor Group LLC now owns 8,106 shares of the business services provider’s stock worth $1,706,000 after buying an additional 58 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of S&P Global by 55.4% in the first quarter. Neuberger Berman Group LLC now owns 299,499 shares of the business services provider’s stock worth $63,060,000 after buying an additional 106,731 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of S&P Global by 2.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 360,680 shares of the business services provider’s stock worth $75,941,000 after buying an additional 7,948 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in S&P Global during the first quarter worth about $2,008,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on SPGI. Stifel Nicolaus lifted their target price on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Atlantic Securities downgraded shares of S&P Global from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $220.00 to $260.00 in a research note on Tuesday, August 6th. ValuEngine downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Argus lifted their target price on shares of S&P Global to $290.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Cantor Fitzgerald lifted their target price on shares of S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. S&P Global has an average rating of “Buy” and a consensus target price of $251.85.

In other news, EVP Steven J. Kemps sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $249.88, for a total value of $1,374,340.00. Following the sale, the executive vice president now directly owns 7,540 shares of the company’s stock, valued at approximately $1,884,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Cafferillo sold 9,911 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $252.95, for a total transaction of $2,506,987.45. Following the completion of the sale, the insider now directly owns 7,454 shares in the company, valued at $1,885,489.30. The disclosure for this sale can be found here. Insiders sold a total of 22,418 shares of company stock worth $5,666,549 over the last three months. Insiders own 0.20% of the company’s stock.

SPGI stock traded up $2.18 during trading on Thursday, reaching $250.97. 825,690 shares of the stock were exchanged, compared to its average volume of 1,434,323. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 7.52. The business has a 50 day moving average price of $254.00 and a 200-day moving average price of $233.48. S&P Global Inc has a 1 year low of $156.68 and a 1 year high of $269.57. The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 2.66 and a beta of 1.07.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.15. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.17 EPS. On average, research analysts anticipate that S&P Global Inc will post 9.22 EPS for the current year.

About S&P Global

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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