Baldwin Brothers Inc. MA Sells 250 Shares of S&P Global Inc (NYSE:SPGI)

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Baldwin Brothers Inc. MA reduced its stake in S&P Global Inc (NYSE:SPGI) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,955 shares of the business services provider’s stock after selling 250 shares during the period. Baldwin Brothers Inc. MA’s holdings in S&P Global were worth $969,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SPGI. Nuveen Asset Management LLC boosted its stake in shares of S&P Global by 43,397.5% during the second quarter. Nuveen Asset Management LLC now owns 2,953,477 shares of the business services provider’s stock valued at $672,772,000 after purchasing an additional 2,946,687 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd bought a new position in shares of S&P Global during the second quarter valued at approximately $364,516,000. Packer & Co Ltd boosted its stake in shares of S&P Global by 302.8% during the second quarter. Packer & Co Ltd now owns 801,578 shares of the business services provider’s stock valued at $38,497,000 after purchasing an additional 602,578 shares in the last quarter. Investec Asset Management LTD boosted its stake in shares of S&P Global by 42.6% during the second quarter. Investec Asset Management LTD now owns 1,148,916 shares of the business services provider’s stock valued at $261,712,000 after purchasing an additional 343,143 shares in the last quarter. Finally, BlackRock Inc. lifted its position in S&P Global by 2.1% during the second quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock valued at $3,805,622,000 after acquiring an additional 339,310 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

NYSE:SPGI traded up $2.18 during midday trading on Thursday, reaching $250.97. 825,690 shares of the stock traded hands, compared to its average volume of 1,434,323. S&P Global Inc has a 12-month low of $156.68 and a 12-month high of $269.57. The business has a 50-day moving average of $254.00 and a two-hundred day moving average of $233.48. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $60.49 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.15. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $2.17 earnings per share. Research analysts anticipate that S&P Global Inc will post 9.22 earnings per share for the current year.

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $254.83, for a total transaction of $1,528,980.00. Following the completion of the transaction, the chief executive officer now owns 163,731 shares of the company’s stock, valued at $41,723,570.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven J. Kemps sold 5,500 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $249.88, for a total transaction of $1,374,340.00. Following the transaction, the executive vice president now directly owns 7,540 shares of the company’s stock, valued at approximately $1,884,095.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,418 shares of company stock valued at $5,666,549. Corporate insiders own 0.20% of the company’s stock.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of S&P Global in a research report on Wednesday, July 10th. They set an “overweight” rating and a $260.00 target price for the company. Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating and increased their target price for the company from $220.00 to $260.00 in a research report on Tuesday, August 6th. UBS Group increased their target price on shares of S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Morgan Stanley decreased their target price on shares of S&P Global from $262.00 to $257.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Stifel Nicolaus increased their target price on shares of S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. S&P Global presently has an average rating of “Buy” and a consensus target price of $251.85.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Further Reading: What is an investor looking for in an SEC filing?

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

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