Vulcan Value Partners LLC lowered its stake in shares of S&P Global Inc (NYSE:SPGI) by 3.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,139,734 shares of the business services provider’s stock after selling 39,450 shares during the period. S&P Global makes up approximately 1.8% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 22nd largest position. Vulcan Value Partners LLC owned 0.45% of S&P Global worth $232,380,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kaizen Advisory LLC lifted its holdings in S&P Global by 143.4% during the 2nd quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock worth $124,000 after buying an additional 357 shares in the last quarter. Optimum Investment Advisors acquired a new stake in S&P Global during the 1st quarter worth approximately $124,000. Sun Life Financial INC lifted its holdings in S&P Global by 209.0% during the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after buying an additional 462 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in S&P Global by 46.4% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 820 shares of the business services provider’s stock worth $156,000 after buying an additional 260 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its holdings in S&P Global by 65.0% during the 2nd quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock worth $173,000 after buying an additional 334 shares in the last quarter. 83.57% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Nancy Luquette sold 350 shares of S&P Global 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 sale, the senior vice president now directly owns 531 shares in the company, valued at approximately $107,978.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction on Wednesday, August 15th. The stock was 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 over the last quarter. 0.20% of the stock is owned by company insiders.

Shares of SPGI traded up $0.83 during midday trading on Friday, reaching $207.85. The stock had a trading volume of 5,916 shares, compared to its average volume of 822,668. 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 capitalization of $51.55 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.92 and a beta of 1.22. 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 (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 26th. The business services provider reported $2.17 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the business earned $1.72 EPS. S&P Global’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts predict that S&P Global Inc will post 8.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Tuesday, August 28th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 27th. This represents a $2.00 annualized dividend and a yield of 0.96%. S&P Global’s dividend payout ratio is currently 29.03%.

A number of equities research analysts have issued reports on SPGI shares. Morgan Stanley increased their target price on shares of S&P Global from $205.00 to $214.00 and gave the stock 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 target price on the stock in a report on Monday, July 2nd. Raymond James increased their target price on shares of S&P Global from $206.00 to $218.00 and gave the stock an “outperform” rating in a report on Tuesday, July 10th. Stifel Nicolaus increased their target price on shares of S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Finally, BMO Capital Markets increased their target price on shares of S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global currently has an average 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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