Fox Run Management L.L.C. Sells 2,100 Shares of S&P Global Inc. (SPGI)

Fox Run Management L.L.C. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 36.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the business services provider’s stock after selling 2,100 shares during the quarter. Fox Run Management L.L.C.’s holdings in S&P Global were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of S&P Global in the 1st quarter valued at $103,000. Penserra Capital Management LLC bought a new position in S&P Global in the second quarter valued at $106,000. GQG Partners LLC acquired a new stake in S&P Global in the second quarter valued at $160,000. Parallel Advisors LLC raised its stake in S&P Global by 8.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after purchasing an additional 86 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in S&P Global in the 2nd quarter worth about $185,000. 86.33% of the stock is currently owned by hedge funds and other institutional investors.

SPGI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Monday, July 17th. UBS AG raised their price target on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $176.00 price target on shares of S&P Global in a report on Wednesday, October 18th. Barclays PLC boosted their target price on S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. Finally, BidaskClub cut S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $164.75.

In other news, EVP Courtney Geduldig sold 1,596 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $156.50, for a total transaction of $249,774.00. Following the sale, the executive vice president now directly owns 2,663 shares of the company’s stock, valued at approximately $416,759.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now owns 106 shares of the company’s stock, valued at $16,059. The disclosure for this sale can be found here. Insiders sold a total of 3,860 shares of company stock valued at $603,834 over the last quarter. 0.20% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://weekherald.com/2017/11/14/fox-run-management-l-l-c-sells-2100-shares-of-sp-global-inc-spgi.html.

Shares of S&P Global Inc. (NYSE:SPGI) traded up $1.09 during mid-day trading on Tuesday, hitting $158.03. 789,700 shares of the stock traded hands, compared to its average volume of 1,118,934. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $166.17. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $40,300.00, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.51.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $1.43 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. sell-side analysts predict that S&P Global Inc. will post 6.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s dividend payout ratio is presently 24.08%.

About S&P Global

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.

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

Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply