S&P Global Inc. (SPGI) Stake Lessened by HAP Trading LLC

HAP Trading LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 42.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,303 shares of the business services provider’s stock after selling 15,930 shares during the period. HAP Trading LLC’s holdings in S&P Global were worth $3,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its position in shares of S&P Global by 0.3% in the second quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock valued at $294,000 after buying an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of 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 during the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 30 shares during the last quarter. TNB Financial lifted its position in shares of S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after buying an additional 42 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of 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 during the last quarter. 85.39% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on SPGI. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Monday, August 14th. 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 report on Friday, July 28th. BMO Capital Markets increased their target price on S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research note on Friday, July 14th. Morgan Stanley reiterated an “equal weight” rating and set a $146.00 target price (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Finally, Argus reiterated a “buy” rating and set a $158.00 target price (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. S&P Global presently has a consensus rating of “Buy” and a consensus price target of $155.50.

In related news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the transaction, the senior vice president now owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Shares of S&P Global Inc. (SPGI) traded up 0.27% during trading on Tuesday, hitting $153.19. The stock had a trading volume of 257,124 shares. The company’s 50 day moving average price is $151.91 and its 200 day moving average price is $141.48. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35. The company has a market capitalization of $39.37 billion, a price-to-earnings ratio of 17.85 and a beta of 1.51.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. S&P Global’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts predict that S&P Global Inc. will post $6.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.07%. S&P Global’s payout ratio is 19.16%.

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S&P Global Company Profile

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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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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