National Mutual Insurance Federation of Agricultural Cooperatives Acquires Shares of 7,000 S&P Global Inc (NYSE:SPGI)

National Mutual Insurance Federation of Agricultural Cooperatives acquired a new stake in shares of S&P Global Inc (NYSE:SPGI) in the third quarter, HoldingsChannel.com reports. The fund acquired 7,000 shares of the business services provider’s stock, valued at approximately $1,715,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Twin Capital Management Inc. grew its holdings in S&P Global by 4.1% during the 3rd quarter. Twin Capital Management Inc. now owns 30,693 shares of the business services provider’s stock valued at $7,519,000 after buying an additional 1,208 shares in the last quarter. CENTRAL TRUST Co grew its holdings in S&P Global by 13.5% during the 3rd quarter. CENTRAL TRUST Co now owns 7,731 shares of the business services provider’s stock valued at $1,894,000 after buying an additional 921 shares in the last quarter. K.J. Harrison & Partners Inc grew its holdings in S&P Global by 3.4% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 18,000 shares of the business services provider’s stock valued at $4,410,000 after buying an additional 600 shares in the last quarter. Meritage Portfolio Management grew its holdings in S&P Global by 4.5% during the 3rd quarter. Meritage Portfolio Management now owns 38,380 shares of the business services provider’s stock valued at $9,402,000 after buying an additional 1,649 shares in the last quarter. Finally, Bfsg LLC grew its holdings in S&P Global by 3.9% during the 3rd quarter. Bfsg LLC now owns 2,174 shares of the business services provider’s stock valued at $533,000 after buying an additional 82 shares in the last quarter. 82.60% of the stock is owned by institutional investors and hedge funds.

Shares of SPGI stock traded down $0.73 on Monday, reaching $248.54. The company’s stock had a trading volume of 102,783 shares, compared to its average volume of 1,301,702. The stock’s fifty day simple moving average is $251.20 and its 200-day simple moving average is $236.77. S&P Global Inc has a 1 year low of $156.68 and a 1 year high of $269.57. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 7.52. The company has a market capitalization of $61.18 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.15. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm posted $2.17 earnings per share. S&P Global’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts forecast that S&P Global Inc will post 9.23 earnings per share for the current year.

SPGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of S&P Global in a report on Wednesday, July 10th. They set an “overweight” rating and a $260.00 price objective for the company. Argus increased their price objective on shares of S&P Global to $290.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group increased their price objective on shares of S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus raised their target price on shares of S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, ValuEngine lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $257.83.

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global 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 directly owns 163,731 shares of the company’s stock, valued at $41,723,570.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Cafferillo sold 9,911 shares of S&P Global stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $252.95, for a total transaction of $2,506,987.45. Following the transaction, the insider now directly owns 7,454 shares of the company’s stock, valued at $1,885,489.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,418 shares of company stock valued at $5,666,549. 0.20% of the stock is currently owned by insiders.

S&P Global Profile

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).

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

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