Polaris Greystone Financial Group LLC Has $1.20 Million Position in S&P Global Inc (NYSE:SPGI)

Polaris Greystone Financial Group LLC lowered its stake in shares of S&P Global Inc (NYSE:SPGI) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,614 shares of the business services provider’s stock after selling 449 shares during the quarter. Polaris Greystone Financial Group LLC’s holdings in S&P Global were worth $1,195,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPGI. Vanguard Group Inc grew its stake in shares of S&P Global by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 20,446,977 shares of the business services provider’s stock valued at $3,995,135,000 after buying an additional 195,642 shares during the period. Lunia Capital LP boosted its stake in S&P Global by 31,814.2% during the 4th quarter. Lunia Capital LP now owns 19,336,793 shares of the business services provider’s stock valued at $19,337,000 after purchasing an additional 19,276,203 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its stake in S&P Global by 2,325.0% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 11,894,019 shares of the business services provider’s stock valued at $490,475,000 after purchasing an additional 11,403,544 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in S&P Global by 7,358.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 5,345,720 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in S&P Global by 38.0% during the 4th quarter. Jennison Associates LLC now owns 4,214,877 shares of the business services provider’s stock valued at $716,276,000 after purchasing an additional 1,159,521 shares during the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on SPGI. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Tuesday. UBS Group upped their price target on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Raymond James upped their price target on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Piper Jaffray Companies upped their price objective on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. S&P Global currently has an average rating of “Hold” and an average price target of $212.18.

NYSE SPGI traded down $2.24 on Wednesday, reaching $214.71. The company had a trading volume of 6,385 shares, compared to its average volume of 998,590. The company has a debt-to-equity ratio of 5.35, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $52.91 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.36 and a beta of 1.16. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $217.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.02. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. As a group, analysts forecast that S&P Global Inc will post 9.03 EPS for the current fiscal year.

In other news, CEO Alexander Matturri, Jr. sold 1,790 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total value of $368,525.20. Following the sale, the chief executive officer now directly owns 19,478 shares of the company’s stock, valued at approximately $4,010,130.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total transaction of $350,570.34. Following the completion of the sale, the chief executive officer now directly owns 17,354 shares in the company, valued at $3,396,871.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,041 shares of company stock worth $3,805,815. 0.20% of the stock is owned by insiders.

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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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