Oppenheimer & Co. Inc. Has $963,000 Holdings in S&P Global Inc (SPGI)

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Oppenheimer & Co. Inc. raised its position in S&P Global Inc (NYSE:SPGI) by 15.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,722 shares of the business services provider’s stock after acquiring an additional 647 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in S&P Global were worth $963,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Kaizen Advisory LLC increased its position in shares of S&P Global by 143.4% during the second 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 period. Optimum Investment Advisors purchased a new position in shares of S&P Global during the first quarter valued at about $124,000. Sun Life Financial INC increased its position in shares of S&P Global by 209.0% during the second 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 period. Harvest Fund Management Co. Ltd increased its position in shares of S&P Global by 46.4% during the first quarter. Harvest Fund Management Co. Ltd now owns 820 shares of the business services provider’s stock valued at $156,000 after buying an additional 260 shares during the period. Finally, First Mercantile Trust Co. increased its position in shares of S&P Global by 65.0% during the second 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 period. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their price target on shares of S&P Global from $217.00 to $219.00 and gave the company an “equal weight” rating in a research report on Friday, July 27th. BMO Capital Markets boosted their price target on shares of S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Finally, Raymond James boosted their price target on shares of S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. S&P Global presently has an average rating of “Buy” and a consensus target price of $202.93.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nancy Luquette sold 350 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 531 shares in the company, valued at approximately $107,978.85. The disclosure for this sale can be found here. Insiders have sold 4,858 shares of company stock worth $982,171 in the last three months. 0.20% of the stock is currently owned by insiders.

NYSE:SPGI opened at $204.99 on Thursday. S&P Global Inc has a one year low of $150.34 and a one year high of $217.31. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $52.07 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 26th. The business services provider reported $2.17 EPS for the quarter, topping 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 business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. S&P Global’s quarterly revenue was up 6.6% on a year-over-year basis. research analysts anticipate that S&P Global Inc will post 8.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Tuesday, August 28th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, August 27th. S&P Global’s payout ratio is currently 29.03%.

S&P Global Company Profile

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.

Further Reading: Momentum Indicator: Relative Strength Index

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

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