BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $72.94 Million Holdings in S&P Global Inc. (NYSE:SPGI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 38.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,540 shares of the business services provider’s stock after purchasing an additional 45,426 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in S&P Global were worth $72,939,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SPGI. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $26,000. Sachetta LLC increased its position in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the second quarter valued at approximately $31,000. First Pacific Financial raised its stake in S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at $36,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.5 %

SPGI opened at $520.85 on Tuesday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The firm has a market capitalization of $162.97 billion, a PE ratio of 58.39, a P/E/G ratio of 2.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average is $499.93 and its 200 day moving average is $456.01.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.12 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays boosted their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Morgan Stanley upped their target price on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Bank of America lifted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus increased their target price on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $548.18.

Insider Buying and Selling

In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

About S&P Global

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 S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.