Oakbrook Investments LLC Buys New Holdings in S&P Global Inc (SPGI)

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Oakbrook Investments LLC bought a new position in S&P Global Inc (NYSE:SPGI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,800 shares of the business services provider’s stock, valued at approximately $3,327,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LPL Financial LLC grew its position in S&P Global by 5.4% in the 3rd quarter. LPL Financial LLC now owns 17,761 shares of the business services provider’s stock worth $3,470,000 after purchasing an additional 914 shares during the last quarter. Jane Street Group LLC grew its position in S&P Global by 428.3% in the 3rd quarter. Jane Street Group LLC now owns 4,783 shares of the business services provider’s stock worth $935,000 after purchasing an additional 6,240 shares during the last quarter. BlueMountain Capital Management LLC grew its position in S&P Global by 920.2% in the 3rd quarter. BlueMountain Capital Management LLC now owns 8,723 shares of the business services provider’s stock worth $1,704,000 after purchasing an additional 7,868 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in S&P Global in the 3rd quarter worth $7,620,000. Finally, Advisors Asset Management Inc. grew its position in S&P Global by 16.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 44,797 shares of the business services provider’s stock worth $8,753,000 after purchasing an additional 6,384 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Shares of NYSE SPGI traded up $0.49 during trading on Thursday, reaching $215.88. The company had a trading volume of 9,492 shares, compared to its average volume of 1,281,332. S&P Global Inc has a 52 week low of $156.68 and a 52 week high of $217.94. The company has a market cap of $53.00 billion, a PE ratio of 25.34, a P/E/G ratio of 1.36 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35.

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

Several brokerages have recently weighed in on SPGI. Piper Jaffray Companies lifted their target price on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Raymond James decreased their target price on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. ValuEngine upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Finally, Atlantic Securities upgraded shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 target price on the stock in a research report on Friday, January 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. S&P Global has an average rating of “Hold” and a consensus price target of $212.18.

In related news, CFO Ewout L. Steenbergen sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $194.20, for a total transaction of $776,800.00. Following the completion of the sale, the chief financial officer now directly owns 5,239 shares of the company’s stock, valued at $1,017,413.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John L. Berisford sold 9,669 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the sale, the insider now directly owns 26,344 shares of the company’s stock, valued at $5,327,283.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,041 shares of company stock valued at $3,805,815. 0.20% of the stock is currently owned by insiders.

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S&P Global 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.

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

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