Lombard Odier Asset Management Europe Ltd Acquires New Shares in S&P Global Inc. (NYSE:SPGI)

Lombard Odier Asset Management Europe Ltd acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,500 shares of the business services provider’s stock, valued at approximately $1,561,000.

Several other hedge funds have also recently bought and sold shares of SPGI. Pineridge Advisors LLC purchased a new position in S&P Global in the 4th quarter valued at approximately $26,000. Sachetta LLC increased its position in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in S&P Global during the second quarter worth $31,000. First Pacific Financial increased its position in S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in S&P Global during the second quarter worth $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on 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 transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s 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 transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Morgan Stanley raised their price target on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. raised their price target on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Bank of America raised their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $548.18.

S&P Global Price Performance

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

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the firm earned $3.12 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts anticipate that S&P Global Inc. will post 14.58 earnings per share 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.