Birch Hill Investment Advisors LLC Purchases 220 Shares of S&P Global Inc (NYSE:SPGI)

Birch Hill Investment Advisors LLC grew its stake in shares of S&P Global Inc (NYSE:SPGI) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,595 shares of the business services provider’s stock after buying an additional 220 shares during the period. Birch Hill Investment Advisors LLC’s holdings in S&P Global were worth $1,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of S&P Global by 91.1% in the second quarter. Van ECK Associates Corp now owns 5,996 shares of the business services provider’s stock valued at $1,366,000 after acquiring an additional 2,859 shares in the last quarter. Greenleaf Trust increased its position in S&P Global by 3.9% during the second quarter. Greenleaf Trust now owns 2,823 shares of the business services provider’s stock worth $643,000 after buying an additional 106 shares during the period. Contravisory Investment Management Inc. increased its position in S&P Global by 24.0% during the second quarter. Contravisory Investment Management Inc. now owns 305 shares of the business services provider’s stock worth $69,000 after buying an additional 59 shares during the period. BlackRock Inc. increased its position in S&P Global by 2.1% during the second quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock worth $3,805,622,000 after buying an additional 339,310 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in S&P Global by 160.9% during the second quarter. AustralianSuper Pty Ltd now owns 272,426 shares of the business services provider’s stock worth $62,056,000 after buying an additional 168,027 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.

Shares of SPGI traded up $1.35 during trading hours on Thursday, hitting $253.65. 14,422 shares of the company were exchanged, compared to its average volume of 1,340,731. The company has a market capitalization of $62.43 billion, a PE ratio of 29.82, a PEG ratio of 2.73 and a beta of 1.07. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a fifty day simple moving average of $253.05 and a 200-day simple moving average of $235.12. S&P Global Inc has a one year low of $156.68 and a one year high of $269.57.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.15. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $2.17 EPS. Sell-side analysts expect that S&P Global Inc will post 9.23 EPS for the current year.

A number of analysts have commented on SPGI shares. Stifel Nicolaus boosted their target price on S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. initiated coverage on S&P Global in a research report on Wednesday, July 10th. They set an “overweight” rating and a $260.00 price target on the stock. Edward Jones initiated coverage on S&P Global in a research report on Wednesday, September 11th. They set a “buy” rating on the stock. Atlantic Securities cut S&P Global from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $220.00 to $260.00 in a research report on Tuesday, August 6th. Finally, Cantor Fitzgerald increased their price target on S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $251.85.

In other news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $254.46, for a total value of $256,241.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Cafferillo sold 9,911 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $252.95, for a total value of $2,506,987.45. Following the completion of the sale, the insider now directly owns 7,454 shares of the company’s stock, valued at approximately $1,885,489.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,418 shares of company stock valued at $5,666,549. Corporate insiders own 0.20% of the company’s stock.

S&P Global Company Profile

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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