Glenmede Trust Co. NA increased its stake in shares of S&P Global Inc (NYSE:SPGI) by 1,004.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 177,092 shares of the business services provider’s stock after purchasing an additional 161,052 shares during the quarter. Glenmede Trust Co. NA owned 0.07% of S&P Global worth $36,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Castleark Management LLC boosted its holdings in S&P Global by 52.0% during the 2nd quarter. Castleark Management LLC now owns 170,796 shares of the business services provider’s stock valued at $34,824,000 after acquiring an additional 58,433 shares during the period. Pittenger & Anderson Inc. boosted its holdings in S&P Global by 1.4% during the 2nd quarter. Pittenger & Anderson Inc. now owns 29,595 shares of the business services provider’s stock valued at $6,034,000 after acquiring an additional 395 shares during the period. Bridges Investment Management Inc. boosted its holdings in S&P Global by 22.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 13,100 shares of the business services provider’s stock valued at $2,671,000 after acquiring an additional 2,400 shares during the period. Cozad Asset Management Inc. purchased a new position in S&P Global during the 2nd quarter valued at $1,256,000. Finally, Partner Fund Management L.P. purchased a new position in S&P Global during the 2nd quarter valued at $41,005,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:SPGI traded up $6.44 during mid-day trading on Friday, hitting $186.47. 2,252,386 shares of the company’s stock traded hands, compared to its average volume of 1,214,512. S&P Global Inc has a twelve month low of $153.25 and a twelve month high of $217.31. The firm has a market capitalization of $49.14 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.83 and a beta of 1.20. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.27 and a quick ratio of 1.27.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.04. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the company posted $1.72 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect that S&P Global Inc will post 8.52 EPS for the current year.

SPGI has been the subject of a number of recent analyst reports. ValuEngine cut S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group lowered their target price on S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a report on Friday, September 21st. Morgan Stanley set a $204.00 target price on S&P Global and gave the stock a “hold” rating in a report on Thursday. Raymond James upped their target price on S&P Global from $206.00 to $218.00 and gave the stock an “outperform” rating in a report on Tuesday, July 10th. Finally, Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $205.86.

In other news, SVP Nancy Luquette sold 350 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total value of $71,172.50. Following the transaction, the senior vice president now directly owns 531 shares of the company’s stock, valued at $107,978.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

About S&P Global

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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