First Financial Corp IN Buys 54 Shares of S&P Global Inc. (NYSE:SPGI)

First Financial Corp IN grew its stake in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 168.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86 shares of the business services provider’s stock after buying an additional 54 shares during the period. First Financial Corp IN’s holdings in S&P Global were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Rockefeller Capital Management L.P. lifted its holdings in shares of S&P Global by 6.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,296 shares of the business services provider’s stock valued at $3,915,000 after purchasing an additional 533 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of S&P Global by 5.2% during the 4th quarter. Mutual Advisors LLC now owns 625 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 31 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of S&P Global by 9.4% during the 4th quarter. Blair William & Co. IL now owns 40,685 shares of the business services provider’s stock valued at $19,201,000 after purchasing an additional 3,495 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of S&P Global by 8.8% during the 4th quarter. Nuveen Asset Management LLC now owns 2,110,993 shares of the business services provider’s stock valued at $996,241,000 after purchasing an additional 170,581 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of S&P Global during the 4th quarter valued at about $189,000. Institutional investors own 88.15% of the company’s stock.

Insider Activity

In related news, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total transaction of $1,157,340.00. Following the completion of the sale, the insider now directly owns 6,783 shares in the company, valued at approximately $2,616,745.74. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider John L. Berisford sold 13,450 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the completion of the sale, the insider now directly owns 24,430 shares in the company, valued at approximately $9,053,513.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the completion of the transaction, the insider now directly owns 6,783 shares of the company’s stock, valued at approximately $2,616,745.74. The disclosure for this sale can be found here. In the last three months, insiders sold 27,150 shares of company stock worth $10,146,219. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Performance

NYSE SPGI traded down $4.37 on Friday, reaching $318.00. The stock had a trading volume of 99,052 shares, compared to its average volume of 1,556,612. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a fifty day moving average of $364.83 and a two-hundred day moving average of $364.65. S&P Global Inc. has a 1-year low of $311.87 and a 1-year high of $484.21. The company has a market cap of $106.05 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05.

S&P Global (NYSE:SPGIGet Rating) last released its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The business’s revenue was up 42.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.62 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post 11.49 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oppenheimer boosted their target price on S&P Global from $404.00 to $419.00 and gave the company an “outperform” rating in a research note on Monday, August 29th. Royal Bank of Canada cut their target price on S&P Global from $540.00 to $434.00 in a research note on Thursday, June 2nd. Barclays cut their target price on S&P Global from $450.00 to $385.00 and set an “overweight” rating on the stock in a research note on Friday, June 3rd. Raymond James cut their target price on S&P Global from $462.00 to $417.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. Finally, Atlantic Securities lowered their price target on S&P Global from $440.00 to $375.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 8th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.43.

S&P Global Profile

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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

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