Private Vista LLC Buys Shares of 2,199 S&P Global Inc (SPGI)

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Private Vista LLC bought a new position in S&P Global Inc (NYSE:SPGI) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,199 shares of the business services provider’s stock, valued at approximately $448,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dock Street Asset Management Inc. raised its holdings in shares of S&P Global by 0.6% during the second quarter. Dock Street Asset Management Inc. now owns 58,996 shares of the business services provider’s stock valued at $12,029,000 after buying an additional 345 shares during the last quarter. Granite Investment Partners LLC raised its holdings in shares of S&P Global by 34.5% during the second quarter. Granite Investment Partners LLC now owns 66,083 shares of the business services provider’s stock valued at $13,474,000 after buying an additional 16,937 shares during the last quarter. Dupont Capital Management Corp raised its holdings in shares of S&P Global by 1,124.5% during the second quarter. Dupont Capital Management Corp now owns 22,249 shares of the business services provider’s stock valued at $4,536,000 after buying an additional 20,432 shares during the last quarter. Fred Alger Management Inc. raised its holdings in shares of S&P Global by 35.7% during the second quarter. Fred Alger Management Inc. now owns 1,378,339 shares of the business services provider’s stock valued at $281,030,000 after buying an additional 362,556 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of S&P Global by 69.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 25,096 shares of the business services provider’s stock valued at $5,117,000 after buying an additional 10,317 shares during the last quarter. 83.57% of the stock is currently owned by hedge funds and other institutional investors.

In other S&P Global news, SVP Nancy Luquette sold 350 shares of S&P Global stock in a transaction that occurred on 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 directly owns 531 shares in the company, valued at approximately $107,978.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction that occurred on Wednesday, August 15th. The stock was 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. In the last 90 days, insiders sold 4,858 shares of company stock worth $982,171. 0.20% of the stock is currently owned by company insiders.

S&P Global stock opened at $204.99 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75. The company has a market capitalization of $52.07 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. S&P Global Inc has a 1 year low of $150.34 and a 1 year high of $217.31.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 earnings per share. sell-side analysts predict that S&P Global Inc will post 8.54 earnings per share for the current year.

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

Several equities research analysts recently commented on SPGI shares. Morgan Stanley boosted their target price on S&P Global from $205.00 to $214.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 29th. Zacks Investment Research raised 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 S&P Global from $206.00 to $218.00 and gave the stock an “outperform” rating in a report on Tuesday, July 10th. Stifel Nicolaus boosted their target price on S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Finally, BMO Capital Markets boosted their target price on S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $202.93.

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.

Recommended Story: Hedge Funds

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).

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

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