S&P Global Inc. (NYSE:SPGI) Shares Acquired by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI lifted its stake in S&P Global Inc. (NYSE:SPGI) by 170.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,938 shares of the business services provider’s stock after buying an additional 62,360 shares during the period. Zurich Insurance Group Ltd FI’s holdings in S&P Global were worth $44,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Insigneo Advisory Services LLC lifted its holdings in shares of S&P Global by 19.0% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,863 shares of the business services provider’s stock valued at $879,000 after purchasing an additional 297 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in S&P Global by 38.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 163,540 shares of the business services provider’s stock worth $72,939,000 after buying an additional 45,426 shares during the last quarter. Mill Creek Capital Advisors LLC increased its position in S&P Global by 28.0% during the second quarter. Mill Creek Capital Advisors LLC now owns 968 shares of the business services provider’s stock worth $432,000 after buying an additional 212 shares during the period. Marshall Wace LLP lifted its stake in S&P Global by 32.5% in the second quarter. Marshall Wace LLP now owns 389,308 shares of the business services provider’s stock valued at $173,631,000 after buying an additional 95,401 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in S&P Global in the second quarter valued at approximately $1,561,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the business’s 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 directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPGI. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday. UBS Group raised their price objective on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Stifel Nicolaus upped their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Bank of America boosted their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global Stock Down 0.6 %

S&P Global stock opened at $518.11 on Wednesday. The firm has a market capitalization of $162.17 billion, a price-to-earnings ratio of 58.08, a price-to-earnings-growth ratio of 2.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The stock’s fifty day moving average is $500.51 and its two-hundred day moving average is $456.64.

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, beating analysts’ consensus estimates of $3.67 by $0.37. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.12 EPS. Analysts predict that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global Profile

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.