S&P Global Inc. (NYSE:SPGI) Shares Bought by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL lifted its position in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,928 shares of the business services provider’s stock after buying an additional 946 shares during the period. Gofen & Glossberg LLC IL’s holdings in S&P Global were worth $4,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Wolff Wiese Magana LLC acquired a new stake in S&P Global in the 1st quarter valued at $25,000. Carolinas Wealth Consulting LLC increased its holdings in S&P Global by 714.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC increased its holdings in S&P Global by 273.7% in the 1st quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 52 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in S&P Global in the 1st quarter valued at $29,000. Finally, Column Capital Advisors LLC increased its holdings in S&P Global by 7,700.0% in the 1st quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. 88.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of S&P Global from $404.00 to $419.00 and gave the company an “outperform” rating in a research report on Monday, August 29th. Atlantic Securities decreased their price objective on shares of S&P Global from $440.00 to $375.00 and set a “neutral” rating for the company in a research report on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of S&P Global from $483.00 to $418.00 in a research report on Thursday, June 2nd. Raymond James decreased their price objective on shares of S&P Global from $462.00 to $417.00 and set an “outperform” rating for the company in a research report on Tuesday, July 12th. Finally, UBS Group decreased their price objective on shares of S&P Global from $441.00 to $407.00 and set a “buy” rating for the company in a research report on Monday, June 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.43.

Insider Activity at S&P Global

In related news, insider John L. Berisford sold 13,450 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the transaction, the insider now owns 24,430 shares in the company, valued at $9,053,513.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Martina Cheung sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were 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 $2,616,745.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John L. Berisford sold 13,450 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 24,430 shares of the company’s stock, valued at $9,053,513.70. The disclosure for this sale can be found here. Insiders have sold 27,150 shares of company stock worth $10,146,219 over the last quarter. 0.10% of the stock is currently owned by company insiders.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $322.37 on Friday. The firm’s 50 day moving average is $364.83 and its two-hundred day moving average is $364.65. S&P Global Inc. has a 52 week low of $311.87 and a 52 week high of $484.21. The firm has a market capitalization of $107.51 billion, a P/E ratio of 24.02, a PEG ratio of 2.43 and a beta of 1.05. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.27.

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

About S&P Global

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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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