S&P Global Inc (NYSE:SPGI) is MARSHALL WACE ASIA Ltd’s 10th Largest Position

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MARSHALL WACE ASIA Ltd lowered its position in S&P Global Inc (NYSE:SPGI) by 4.0% during the first quarter, Holdings Channel reports. The fund owned 464,516 shares of the business services provider’s stock after selling 19,258 shares during the quarter. S&P Global accounts for 3.0% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 10th largest holding. MARSHALL WACE ASIA Ltd’s holdings in S&P Global were worth $97,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. CAPROCK Group Inc. increased its position in S&P Global by 17.1% in the 1st quarter. CAPROCK Group Inc. now owns 1,620 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 236 shares during the period. Nordea Investment Management AB boosted its position in shares of S&P Global by 3.3% in the fourth quarter. Nordea Investment Management AB now owns 409,183 shares of the business services provider’s stock valued at $69,538,000 after acquiring an additional 12,882 shares during the period. Legal & General Group Plc boosted its position in shares of S&P Global by 9.1% in the fourth quarter. Legal & General Group Plc now owns 1,291,174 shares of the business services provider’s stock valued at $219,379,000 after acquiring an additional 107,927 shares during the period. Bbva Compass Bancshares Inc. boosted its position in shares of S&P Global by 3.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 4,903 shares of the business services provider’s stock valued at $1,032,000 after acquiring an additional 163 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in S&P Global by 11.1% during the first quarter. Quadrant Capital Group LLC now owns 1,611 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.

Shares of SPGI traded up $0.19 during mid-day trading on Friday, reaching $224.64. The company’s stock had a trading volume of 14,687 shares, compared to its average volume of 1,047,053. The firm has a market cap of $55.20 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.80 and a beta of 1.10. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.20 and a current ratio of 1.20. S&P Global Inc has a 52 week low of $156.68 and a 52 week high of $229.00.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts predict that S&P Global Inc will post 9.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, May 28th. S&P Global’s payout ratio is 26.82%.

Several equities research analysts have issued reports on the stock. Morgan Stanley set a $223.00 target price on shares of S&P Global and gave the company a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. Piper Jaffray Companies boosted their price objective on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Raymond James boosted their price objective on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, UBS Group upgraded shares of S&P Global from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $228.00 to $252.00 in a report on Tuesday, May 21st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. S&P Global has a consensus rating of “Buy” and a consensus price target of $217.27.

In related news, CEO Alexander Matturri, Jr. sold 1,790 shares of S&P Global 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 transaction, the chief executive officer now directly owns 19,478 shares of the company’s stock, valued at $4,010,130.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ewout L. Steenbergen sold 8,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $215.59, for a total transaction of $1,724,720.00. Following the transaction, the chief financial officer now directly owns 15,694 shares in the company, valued at $3,383,469.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,095 shares of company stock worth $4,729,500. 0.20% of the stock is owned by insiders.

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About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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