Decatur Capital Management Inc. Lowers Stock Position in S&P Global Inc (NYSE:SPGI)

Decatur Capital Management Inc. reduced its stake in S&P Global Inc (NYSE:SPGI) by 27.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,714 shares of the business services provider’s stock after selling 12,300 shares during the quarter. S&P Global comprises approximately 1.9% of Decatur Capital Management Inc.’s portfolio, making the stock its 11th biggest holding. Decatur Capital Management Inc.’s holdings in S&P Global were worth $7,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nuveen Asset Management LLC raised 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 worth $672,772,000 after acquiring an additional 2,946,687 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd purchased a new position in shares of S&P Global during the second quarter worth approximately $364,516,000. Packer & Co Ltd raised 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 worth $38,497,000 after acquiring an additional 602,578 shares in the last quarter. Investec Asset Management LTD raised 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 worth $261,712,000 after acquiring an additional 343,143 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of 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 worth $3,805,622,000 after acquiring an additional 339,310 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on SPGI shares. Stifel Nicolaus lifted their price target on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Raymond James lifted their price target on shares of S&P Global from $246.00 to $272.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. started coverage on shares of S&P Global in a research note on Wednesday, July 10th. They set an “overweight” rating and a $260.00 price target on the stock. BMO Capital Markets set a $255.00 price target on shares of S&P Global and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Finally, Atlantic Securities downgraded shares of S&P Global from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $220.00 to $260.00 in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $251.85.

In related news, EVP Steven J. Kemps sold 5,500 shares of S&P Global stock in a transaction on Monday, August 5th. The shares were sold at an average price of $249.88, for a total value of $1,374,340.00. Following the sale, the executive vice president now owns 7,540 shares in the company, valued at $1,884,095.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of S&P Global stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $254.46, for a total transaction of $256,241.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,418 shares of company stock worth $5,666,549. 0.20% of the stock is currently owned by company insiders.

Shares of S&P Global stock traded up $3.34 on Friday, hitting $254.31. The stock had a trading volume of 35,929 shares, compared to its average volume of 1,381,815. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 7.52. S&P Global Inc has a one year low of $156.68 and a one year high of $269.57. The stock has a market cap of $59.57 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 2.62 and a beta of 1.07. The stock’s 50-day simple moving average is $253.81 and its two-hundred day simple moving average is $233.71.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business earned $2.17 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts predict that S&P Global Inc will post 9.22 EPS for the current fiscal year.

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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