Parallel Advisors LLC Sells 208 Shares of S&P Global Inc (NYSE:SPGI)

Parallel Advisors LLC decreased its position in shares of S&P Global Inc (NYSE:SPGI) by 8.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,389 shares of the business services provider’s stock after selling 208 shares during the period. Parallel Advisors LLC’s holdings in S&P Global were worth $862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC purchased a new stake in S&P Global during the second quarter valued at about $31,000. Creative Financial Designs Inc. ADV raised its position in S&P Global by 111.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 91 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 48 shares in the last quarter. Beese Fulmer Investment Management Inc. purchased a new stake in S&P Global during the second quarter valued at about $43,000. CX Institutional raised its position in S&P Global by 179.7% during the second quarter. CX Institutional now owns 179 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 115 shares in the last quarter. Finally, Coastal Capital Group Inc. raised its position in S&P Global by 62.5% during the second quarter. Coastal Capital Group Inc. now owns 195 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

NYSE:SPGI traded up $0.02 during mid-day trading on Friday, reaching $325.76. 47,723 shares of the company’s stock traded hands, compared to its average volume of 1,344,582. S&P Global Inc has a 12-month low of $186.05 and a 12-month high of $379.87. The firm has a market capitalization of $78.50 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 3.05 and a beta of 0.99. The company has a debt-to-equity ratio of 14.74, a current ratio of 1.47 and a quick ratio of 1.47. The company has a 50 day moving average price of $350.17 and a 200-day moving average price of $333.40.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $2.46 EPS. S&P Global’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc will post 11.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, November 24th. This represents a $2.68 dividend on an annualized basis and a yield of 0.82%. S&P Global’s dividend payout ratio is presently 28.12%.

A number of research firms have weighed in on SPGI. BMO Capital Markets lowered their price target on S&P Global from $375.00 to $392.00 in a research report on Wednesday. Jefferies Financial Group lifted their price objective on S&P Global from $339.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Stifel Nicolaus lifted their price objective on S&P Global from $351.00 to $353.00 and gave the stock a “hold” rating in a report on Friday, October 2nd. UBS Group lifted their price objective on S&P Global from $418.00 to $422.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Finally, Morgan Stanley lifted their price objective on S&P Global from $404.00 to $411.00 and gave the stock an “overweight” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $362.92.

In related news, EVP Courtney Geduldig sold 2,580 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $352.76, for a total transaction of $910,120.80. Following the transaction, the executive vice president now owns 10,040 shares in the company, valued at approximately $3,541,710.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

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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