Atria Investments LLC Sells 367 Shares of S&P Global Inc (SPGI)

Atria Investments LLC lessened its holdings in shares of S&P Global Inc (NYSE:SPGI) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,951 shares of the business services provider’s stock after selling 367 shares during the period. Atria Investments LLC’s holdings in S&P Global were worth $577,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in shares of S&P Global by 6.4% during the second quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock worth $2,181,285,000 after purchasing an additional 642,229 shares during the period. Edgewood Management LLC lifted its holdings in S&P Global by 1.7% in the second quarter. Edgewood Management LLC now owns 6,456,118 shares of the business services provider’s stock valued at $1,316,338,000 after buying an additional 110,924 shares during the period. Mawer Investment Management Ltd. lifted its holdings in S&P Global by 0.8% in the second quarter. Mawer Investment Management Ltd. now owns 1,866,387 shares of the business services provider’s stock valued at $380,538,000 after buying an additional 14,358 shares during the period. Renaissance Technologies LLC lifted its holdings in S&P Global by 29.5% in the second quarter. Renaissance Technologies LLC now owns 1,677,100 shares of the business services provider’s stock valued at $341,944,000 after buying an additional 382,000 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in S&P Global by 3.8% in the second quarter. Janus Henderson Group PLC now owns 1,423,701 shares of the business services provider’s stock valued at $290,280,000 after buying an additional 52,466 shares during the period. Institutional investors own 83.51% of the company’s stock.

In other news, SVP Nancy Luquette sold 350 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $203.35, for a total transaction of $71,172.50. Following the transaction, the senior vice president now owns 531 shares in the company, valued at $107,978.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total transaction of $805,080.00. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

SPGI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Monday, July 2nd. Raymond James boosted their target price on shares of S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Morgan Stanley boosted their target price on shares of S&P Global from $214.00 to $217.00 and gave the company a “$214.26” rating in a report on Wednesday, July 18th. Stifel Nicolaus boosted their target price on shares of S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a report on Friday, July 27th. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a report on Friday, July 27th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $208.15.

Shares of NYSE SPGI opened at $186.92 on Friday. S&P Global Inc has a 1-year low of $153.25 and a 1-year high of $217.31. The stock has a market cap of $49.14 billion, a PE ratio of 27.13, a P/E/G ratio of 1.83 and a beta of 1.20. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.04. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc will post 8.52 EPS for the current year.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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