S&P Global Inc (SPGI) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in shares of S&P Global Inc (NYSE:SPGI) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,428 shares of the business services provider’s stock after selling 295 shares during the quarter. Gateway Investment Advisers LLC’s holdings in S&P Global were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC boosted its position in S&P Global by 800.7% during the second quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 22,042 shares during the last quarter. Kaizen Advisory LLC boosted its position in S&P Global by 143.4% during the second quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 357 shares during the last quarter. Sun Life Financial INC boosted its position in S&P Global by 209.0% during the second quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 462 shares during the last quarter. Summit Trail Advisors LLC boosted its position in S&P Global by 20,684.8% during the first quarter. Summit Trail Advisors LLC now owns 165,031 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 164,237 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in S&P Global by 65.0% during the second quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 334 shares during the last quarter. Institutional investors and hedge funds own 83.49% of the company’s stock.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total transaction of $805,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nancy Luquette sold 350 shares of the business’s 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 approximately $107,978.85. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Shares of NYSE:SPGI opened at $188.34 on Friday. S&P Global Inc has a fifty-two week low of $153.25 and a fifty-two week high of $217.31. The stock has a market capitalization of $47.94 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.57 and a beta of 1.19. The company has a quick ratio of 1.27, a current 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that S&P Global Inc will post 8.48 EPS for the current fiscal year.

A number of analysts recently issued reports on SPGI shares. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Monday, July 2nd. Raymond James lifted their price objective on S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Morgan Stanley lifted their price objective on S&P Global from $214.00 to $217.00 and gave the company a “$214.26” rating in a research report on Wednesday, July 18th. Stifel Nicolaus lifted their price objective on S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Finally, BMO Capital Markets boosted their price target on S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a research report on Friday, July 27th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. S&P Global currently has a consensus rating of “Hold” and an average price target of $208.15.

S&P Global 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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