S&P Global Inc (SPGI) is Dock Street Asset Management Inc.’s 10th Largest Position

Dock Street Asset Management Inc. lifted its holdings in S&P Global Inc (NYSE:SPGI) by 0.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 59,486 shares of the business services provider’s stock after acquiring an additional 490 shares during the quarter. S&P Global accounts for about 3.6% of Dock Street Asset Management Inc.’s holdings, making the stock its 10th biggest holding. Dock Street Asset Management Inc.’s holdings in S&P Global were worth $11,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. Cornerstone Wealth Management LLC raised its holdings in S&P Global by 800.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock valued at $121,000 after buying an additional 22,042 shares during the last quarter. Kaizen Advisory LLC raised its holdings in S&P Global by 143.4% during the 2nd quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock valued at $124,000 after buying an additional 357 shares during the last quarter. Sun Life Financial INC raised its holdings in S&P Global by 209.0% during the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock valued at $139,000 after buying an additional 462 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in S&P Global by 20,684.8% during the 1st quarter. Summit Trail Advisors LLC now owns 165,031 shares of the business services provider’s stock valued at $165,000 after buying an additional 164,237 shares during the last quarter. Finally, First Mercantile Trust Co. raised its holdings in S&P Global by 65.0% during the 2nd quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock valued at $173,000 after buying an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 83.70% of the company’s stock.

In other news, 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 value of $805,080.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Nancy Luquette sold 350 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total transaction of $71,172.50. Following the completion of the sale, the senior vice president now directly owns 531 shares in the company, valued at $107,978.85. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on SPGI shares. Morgan Stanley boosted their price objective on shares of S&P Global from $214.00 to $217.00 and gave the company a “$214.26” rating in a research report on Wednesday, July 18th. UBS Group reduced their price objective on shares of S&P Global from $242.00 to $241.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research report on Monday, July 2nd. ValuEngine downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $208.15.

Shares of NYSE:SPGI traded down $5.84 during midday trading on Tuesday, reaching $183.09. The company’s stock had a trading volume of 67,869 shares, compared to its average volume of 1,469,891. The company has a market capitalization of $47.37 billion, a PE ratio of 26.61, a P/E/G ratio of 1.55 and a beta of 1.20. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.27 and a quick ratio of 1.27. S&P Global Inc has a 12-month low of $153.25 and a 12-month high of $217.31.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 EPS. Equities analysts anticipate that S&P Global Inc will post 8.48 EPS for the current fiscal 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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