Quilter Investors LTD Sells 1,376 Shares of S&P Global Inc (SPGI)

Share on StockTwits

Quilter Investors LTD lowered its stake in shares of S&P Global Inc (NYSE:SPGI) by 1.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 94,157 shares of the business services provider’s stock after selling 1,376 shares during the period. S&P Global makes up approximately 12.6% of Quilter Investors LTD’s holdings, making the stock its biggest position. Quilter Investors LTD’s holdings in S&P Global were worth $19,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPGI. Waldron Private Wealth LLC bought a new stake in S&P Global during the 1st quarter worth approximately $216,000. Emerald Advisers LLC raised its stake in S&P Global by 40.4% during the 1st quarter. Emerald Advisers LLC now owns 4,792 shares of the business services provider’s stock worth $1,009,000 after acquiring an additional 1,380 shares during the period. Shulman DeMeo Asset Management LLC bought a new stake in S&P Global during the 1st quarter worth approximately $221,000. Segment Wealth Management LLC raised its stake in S&P Global by 5.8% during the 1st quarter. Segment Wealth Management LLC now owns 3,943 shares of the business services provider’s stock worth $830,000 after acquiring an additional 217 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in S&P Global by 4.7% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 48,282 shares of the business services provider’s stock worth $10,166,000 after acquiring an additional 2,148 shares during the period. Institutional investors and hedge funds own 84.45% of the company’s stock.

In other S&P Global news, CEO Alexander Matturri, Jr. sold 1,790 shares of S&P Global stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $205.88, for a total value of $368,525.20. Following the transaction, the chief executive officer now owns 19,478 shares in the company, valued at $4,010,130.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ewout L. Steenbergen sold 4,000 shares of S&P Global stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $194.20, for a total value of $776,800.00. Following the completion of the transaction, the chief financial officer now owns 5,239 shares in the company, valued at approximately $1,017,413.80. The disclosure for this sale can be found here. Insiders sold 19,041 shares of company stock worth $3,805,815 in the last quarter. 0.20% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of S&P Global from $220.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, January 7th. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Raymond James cut their target price on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating for the company in a report on Tuesday, January 8th. UBS Group cut their target price on shares of S&P Global from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, January 8th. Finally, Atlantic Securities raised shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 target price for the company in a report on Friday, January 11th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. S&P Global currently has an average rating of “Buy” and an average price target of $212.18.

Shares of SPGI stock traded down $0.31 on Friday, hitting $216.86. The stock had a trading volume of 22,246 shares, compared to its average volume of 1,240,747. The company has a debt-to-equity ratio of 5.35, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $53.57 billion, a P/E ratio of 25.50, a PEG ratio of 1.39 and a beta of 1.16. S&P Global Inc has a one year low of $156.68 and a one year high of $222.00.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.01). The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.00 earnings per share. On average, analysts anticipate that S&P Global Inc will post 9.03 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://weekherald.com/2019/05/03/quilter-investors-ltd-sells-1376-shares-of-sp-global-inc-spgi.html.

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).

Featured Story: What is an overbought condition?

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).

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

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