BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in S&P Global Inc. (NYSE:SPGI) by 38.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,540 shares of the business services provider’s stock after acquiring an additional 45,426 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.05% of S&P Global worth $72,939,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership lifted its stake in shares of S&P Global by 15.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after purchasing an additional 190,758 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares during the last quarter. Stifel Financial Corp boosted its holdings in S&P Global by 1.1% in the fourth quarter. Stifel Financial Corp now owns 475,930 shares of the business services provider’s stock worth $209,670,000 after purchasing an additional 5,087 shares during the period. AAFMAA Wealth Management & Trust LLC acquired a new stake in shares of S&P Global during the first quarter worth $1,222,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of S&P Global during the first quarter worth $2,236,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPGI. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Morgan Stanley boosted their target price on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Stifel Nicolaus upped their price target on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $548.18.

Insider Transactions at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,862 shares of company stock valued at $8,645,727. Corporate insiders own 0.10% of the company’s stock.

S&P Global Trading Down 0.5 %

Shares of SPGI stock opened at $520.85 on Tuesday. The firm has a market capitalization of $162.97 billion, a P/E ratio of 58.39, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $528.02. The firm’s fifty day simple moving average is $499.93 and its 200 day simple moving average is $456.01. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the firm posted $3.12 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.