Daiwa Securities Group Inc. Boosts Position in S&P Global Inc. (NYSE:SPGI)

Daiwa Securities Group Inc. raised its stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 7.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,084 shares of the business services provider’s stock after buying an additional 1,911 shares during the quarter. Daiwa Securities Group Inc.’s holdings in S&P Global were worth $10,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SPGI. Achmea Investment Management B.V. grew its holdings in shares of S&P Global by 2,941.4% during the second quarter. Achmea Investment Management B.V. now owns 11,466 shares of the business services provider’s stock worth $4,596,000 after purchasing an additional 11,089 shares in the last quarter. Core Alternative Capital grew its holdings in shares of S&P Global by 116.7% during the second quarter. Core Alternative Capital now owns 518 shares of the business services provider’s stock worth $208,000 after purchasing an additional 279 shares in the last quarter. Prossimo Advisors LLC grew its holdings in shares of S&P Global by 10.2% during the second quarter. Prossimo Advisors LLC now owns 1,295 shares of the business services provider’s stock worth $519,000 after purchasing an additional 120 shares in the last quarter. Atlas Private Wealth Management grew its holdings in shares of S&P Global by 95.0% during the second quarter. Atlas Private Wealth Management now owns 3,607 shares of the business services provider’s stock worth $1,446,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Ascent Wealth Partners LLC purchased a new position in shares of S&P Global during the second quarter worth about $262,000. Hedge funds and other institutional investors own 85.50% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $437.77 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. S&P Global Inc. has a fifty-two week low of $321.14 and a fifty-two week high of $443.72. The stock has a 50 day moving average price of $424.12 and a two-hundred day moving average price of $398.03. The company has a market capitalization of $138.69 billion, a P/E ratio of 56.63, a PEG ratio of 2.31 and a beta of 1.19.

S&P Global (NYSE:SPGIGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.16. S&P Global had a return on equity of 10.72% and a net margin of 20.20%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. Analysts expect that S&P Global Inc. will post 12.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Raymond James boosted their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. TheStreet raised S&P Global from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. StockNews.com began coverage on S&P Global in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Morgan Stanley cut their target price on S&P Global from $450.00 to $424.00 and set an “overweight” rating for the company in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $433.22.

Read Our Latest Research Report on S&P Global

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $405.28, for a total value of $2,431,680.00. Following the completion of the sale, the chief executive officer now owns 163,613 shares in the company, valued at $66,309,076.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Company Profile

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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

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