Starfire Investment Advisers Inc. Acquires New Stake in S&P Global Inc (SPGI)

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Starfire Investment Advisers Inc. acquired a new stake in shares of S&P Global Inc (NYSE:SPGI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the business services provider’s stock, valued at approximately $210,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in shares of S&P Global by 1.0% in the third quarter. Vanguard Group Inc now owns 20,446,977 shares of the business services provider’s stock worth $3,995,135,000 after purchasing an additional 195,642 shares during the last quarter. Lunia Capital LP grew its holdings in shares of S&P Global by 31,814.2% in the fourth quarter. Lunia Capital LP now owns 19,336,793 shares of the business services provider’s stock worth $19,337,000 after purchasing an additional 19,276,203 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of S&P Global by 7,358.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock worth $32,000 after purchasing an additional 5,345,720 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of S&P Global by 38.0% in the fourth quarter. Jennison Associates LLC now owns 4,214,877 shares of the business services provider’s stock worth $716,276,000 after purchasing an additional 1,159,521 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of S&P Global by 5.8% in the fourth quarter. Northern Trust Corp now owns 3,095,285 shares of the business services provider’s stock worth $526,013,000 after purchasing an additional 168,999 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

In related news, CEO Alexander Matturri, Jr. sold 1,791 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total value of $350,570.34. Following the transaction, the chief executive officer now owns 17,354 shares in the company, valued at approximately $3,396,871.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John L. Berisford sold 9,669 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the completion of the transaction, the insider now owns 26,344 shares in the company, valued at approximately $5,327,283.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,041 shares of company stock worth $3,805,815. Corporate insiders own 0.20% of the company’s stock.

Shares of SPGI traded up $1.81 during mid-day trading on Friday, hitting $217.20. 758,691 shares of the company traded hands, compared to its average volume of 1,275,255. S&P Global Inc has a 1-year low of $156.68 and a 1-year high of $217.94. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 5.35. The company has a market cap of $53.45 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, research analysts anticipate that S&P Global Inc will post 9.03 EPS for the current fiscal year.

A number of analysts recently weighed in on SPGI shares. UBS Group upped their price objective on shares of S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Atlantic Securities raised shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective for the company in a research note on Friday, January 11th. Raymond James lowered their price objective on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating for the company in a research note on Tuesday, January 8th. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 price objective on shares of S&P Global and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $212.18.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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