S&P Global Inc. (SPGI) Position Lowered by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL decreased its stake in S&P Global Inc. (NYSE:SPGI) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,798 shares of the business services provider’s stock after selling 942 shares during the period. Tudor Investment Corp ET AL’s holdings in S&P Global were worth $1,138,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Penserra Capital Management LLC purchased a new stake in S&P Global during the second quarter worth about $106,000. American Beacon Advisors Inc. purchased a new position in S&P Global in the first quarter valued at about $103,000. Parallel Advisors LLC increased its holdings in 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 buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America increased its holdings in 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 buying an additional 10 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in 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 buying an additional 947 shares in the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.
SPGI has been the subject of a number of research reports. Barclays PLC lifted their price target on shares of S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and issued a $146.00 price target (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. BMO Capital Markets upped their price target on S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a report on Friday, July 14th. Finally, UBS AG raised their price objective on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. S&P Global currently has an average rating of “Buy” and a consensus target price of $157.50.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.
S&P Global Inc. (SPGI) opened at 159.14 on Wednesday. The firm has a market cap of $40.90 billion, a PE ratio of 18.54 and a beta of 1.50. The firm’s 50-day moving average is $153.51 and its 200-day moving average is $144.43. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $159.57.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post $6.34 earnings per share for the current year.
About S&P Global
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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