S&P Global Inc. (NYSE:SPGI) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC grew its position in S&P Global Inc. (NYSE:SPGIGet Rating) by 22.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,626 shares of the business services provider’s stock after acquiring an additional 2,341 shares during the quarter. Miracle Mile Advisors LLC’s holdings in S&P Global were worth $4,256,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wolff Wiese Magana LLC purchased a new stake in shares of S&P Global during the first quarter worth approximately $25,000. Carolinas Wealth Consulting LLC raised its stake in shares of S&P Global by 714.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Addison Advisors LLC raised its stake in shares of S&P Global by 273.7% during the first quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock worth $29,000 after purchasing an additional 52 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of S&P Global during the first quarter worth approximately $29,000. Finally, Column Capital Advisors LLC raised its stake in shares of S&P Global by 7,700.0% during the first quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock worth $32,000 after purchasing an additional 77 shares during the last quarter. 88.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, insider John L. Berisford sold 13,450 shares of S&P Global stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the sale, the insider now directly owns 24,430 shares in the company, valued at approximately $9,053,513.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the transaction, the executive vice president now owns 2,467 shares in the company, valued at approximately $906,597.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John L. Berisford sold 13,450 shares of S&P Global stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $370.59, for a total value of $4,984,435.50. Following the completion of the transaction, the insider now owns 24,430 shares of the company’s stock, valued at approximately $9,053,513.70. The disclosure for this sale can be found here. Insiders have sold 27,150 shares of company stock worth $10,146,219 in the last three months. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SPGI shares. Raymond James cut their price target on S&P Global from $462.00 to $417.00 and set an “outperform” rating for the company in a research note on Tuesday, July 12th. UBS Group decreased their price target on S&P Global from $441.00 to $407.00 and set a “buy” rating on the stock in a research note on Monday, June 6th. Royal Bank of Canada decreased their price target on S&P Global from $540.00 to $434.00 in a research note on Thursday, June 2nd. Barclays decreased their price target on S&P Global from $450.00 to $385.00 and set an “overweight” rating on the stock in a research note on Friday, June 3rd. Finally, Jefferies Financial Group decreased their price target on S&P Global from $440.00 to $416.00 and set a “buy” rating on the stock in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.43.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $322.24 on Friday. The company has a market cap of $107.47 billion, a P/E ratio of 24.02, a PEG ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.26 and a current ratio of 1.26. S&P Global Inc. has a one year low of $311.87 and a one year high of $484.21. The business’s 50-day simple moving average is $364.83 and its 200 day simple moving average is $364.65.

S&P Global (NYSE:SPGIGet Rating) last announced its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.10). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The business’s quarterly revenue was up 42.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.62 earnings per share. On average, sell-side analysts forecast that S&P Global Inc. will post 11.49 earnings per share for the current fiscal year.

About S&P Global

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

Further Reading

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

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