DF Dent & Co. Inc. Cuts Stake in S&P Global Inc. (SPGI)

DF Dent & Co. Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 560,748 shares of the business services provider’s stock after selling 3,928 shares during the period. S&P Global comprises approximately 2.2% of DF Dent & Co. Inc.’s holdings, making the stock its 22nd biggest holding. DF Dent & Co. Inc. owned about 0.22% of S&P Global worth $81,864,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its stake in S&P Global by 34.5% during the 1st quarter. Victory Capital Management Inc. now owns 15,909 shares of the business services provider’s stock worth $2,080,000 after buying an additional 4,077 shares during the period. Blair William & Co. IL purchased a new stake in S&P Global during the 1st quarter worth $368,000. Neuberger Berman Group LLC increased its stake in S&P Global by 10.4% during the 1st quarter. Neuberger Berman Group LLC now owns 18,748 shares of the business services provider’s stock worth $2,451,000 after buying an additional 1,762 shares during the period. Montag & Caldwell LLC purchased a new stake in S&P Global during the 1st quarter worth $80,700,000. Finally, AXA increased its stake in S&P Global by 6.2% during the 1st quarter. AXA now owns 160,194 shares of the business services provider’s stock worth $20,944,000 after buying an additional 9,294 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

SPGI has been the topic of several analyst reports. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Monday, July 17th. Barclays PLC lifted their price target on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $146.00 price target (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $159.00.

WARNING: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://ledgergazette.com/2017/10/10/df-dent-co-inc-cuts-stake-in-sp-global-inc-spgi.html.

In other news, SVP Nancy Luquette sold 860 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Shares of S&P Global Inc. (NYSE SPGI) traded down 0.12% on Tuesday, reaching $158.98. 212,154 shares of the company’s stock traded hands. The company’s 50-day moving average is $154.43 and its 200-day moving average is $145.30. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $160.00. The firm has a market capitalization of $40.86 billion, a P/E ratio of 18.52 and a beta of 1.50.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post $6.35 earnings per share for the current fiscal year.

S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities

Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its stake in S&P Global by 34.5% during the 1st quarter. Victory Capital Management Inc. now owns 15,909 shares of the business services provider’s stock worth $2,080,000 after buying an additional 4,077 shares during the period. Blair William & Co. IL purchased a new stake in S&P Global during the 1st quarter worth $368,000. Neuberger Berman Group LLC increased its stake in S&P Global by 10.4% during the 1st quarter. Neuberger Berman Group LLC now owns 18,748 shares of the business services provider’s stock worth $2,451,000 after buying an additional 1,762 shares during the period. Montag & Caldwell LLC purchased a new stake in S&P Global during the 1st quarter worth $80,700,000. Finally, AXA increased its stake in S&P Global by 6.2% during the 1st quarter. AXA now owns 160,194 shares of the business services provider’s stock worth $20,944,000 after buying an additional 9,294 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

SPGI has been the topic of several analyst reports. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Monday, July 17th. Barclays PLC lifted their price target on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $146.00 price target (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $159.00.

WARNING: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://ledgergazette.com/2017/10/10/df-dent-co-inc-cuts-stake-in-sp-global-inc-spgi.html.

In other news, SVP Nancy Luquette sold 860 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Shares of S&P Global Inc. (NYSE SPGI) traded down 0.12% on Tuesday, reaching $158.98. 212,154 shares of the company’s stock traded hands. The company’s 50-day moving average is $154.43 and its 200-day moving average is $145.30. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $160.00. The firm has a market capitalization of $40.86 billion, a P/E ratio of 18.52 and a beta of 1.50.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post $6.35 earnings per share for the current fiscal year.

S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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

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