Laurion Capital Management LP lessened its holdings in S&P Global Inc (NYSE:SPGI) by 36.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,000 shares of the business services provider’s stock after selling 10,124 shares during the period. Laurion Capital Management LP’s holdings in S&P Global were worth $3,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dock Street Asset Management Inc. boosted its stake 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 worth $12,029,000 after buying an additional 345 shares during the last quarter. Granite Investment Partners LLC boosted its stake 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 worth $13,474,000 after buying an additional 16,937 shares during the last quarter. Richard Bernstein Advisors LLC boosted its stake 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 worth $5,659,000 after buying an additional 1,210 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of S&P Global by 1,124.5% in the 2nd quarter. Dupont Capital Management Corp now owns 22,249 shares of the business services provider’s stock worth $4,536,000 after buying an additional 20,432 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its stake in shares of S&P Global by 35.7% in the 2nd quarter. Fred Alger Management Inc. now owns 1,378,339 shares of the business services provider’s stock worth $281,030,000 after buying an additional 362,556 shares during the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Shares of SPGI stock opened at $206.88 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75. S&P Global Inc has a 1 year low of $150.34 and a 1 year high of $217.31. The firm has a market cap of $52.07 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.94 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.60 billion. During the same quarter in the previous 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. sell-side analysts expect that S&P Global Inc will post 8.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Tuesday, August 28th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, August 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. S&P Global’s payout ratio is 29.03%.

In other S&P Global news, SVP Nancy Luquette sold 508 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $208.50, for a total transaction of $105,918.00. Following the sale, the senior vice president now owns 881 shares of the company’s stock, valued at approximately $183,688.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total transaction of $805,080.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,858 shares of company stock worth $982,171 in the last three months. Insiders own 0.20% of the company’s stock.

Several research firms recently commented on SPGI. Morgan Stanley upped their price objective on S&P Global from $214.00 to $217.00 and gave the company a “$214.26” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research note on Monday, July 2nd. Stifel Nicolaus upped their price objective on S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a research note on Friday, July 27th. BMO Capital Markets upped their price objective on S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. Finally, Atlantic Securities downgraded S&P Global from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $202.93.

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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