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Barclays PLC owns $208.52 million shares of S&P Global Inc. (NYSE:SPGI)

Barclays PLC owns $208.52 million shares of S&P Global Inc. (NYSE:SPGI)

The most recent Form 13F filing that Barclays PLC made with the Securities and Exchange Commission (SEC) revealed that during the third quarter of 2018, the company increased its holdings in S&P Global Inc. (NYSE: SPGI). As a result of the fund’s purchase of an additional 150,096 shares of the business services provider’s stock during the quarter, the fund’s total number of shares of the company’s stock now stands at 682,865. The most recent information that Barclays PLC has disclosed to the SEC indicates that the value of their holding in S&P Global is approximately $208,515,000, equivalent to 0.21% of the company. This information was obtained from S&P Global.

In addition, the percentages of SPGI holdings other hedge funds have in their portfolios have been reduced. A fresh investment of $1,969,000 was made in S&P Global by BCK Partners Inc. during the first three months of the year 2018. The value of Markel Corporation’s holdings in S&P Global rose by 0.8% during the first three months of 2018. Markel Corporation now owns a total of 149,790 shares in the business services provider after purchasing an additional 1,250 shares during the most recent quarter. The value of the company’s total holdings in the business services provider is $61,441,000. During the first three months of 2018, Synovus Financial Corp. increased the percentage of S&P Global holdings it had in its portfolio by 1.6%. In the most recent fiscal quarter, Synovus Financial Corporation increased its holdings in the business services provider by purchasing an additional 36 shares, bringing the total number of shares it owns to 2,239, with a value of $919,000. The increase in Sequoia Financial Advisors LLC’s ownership stake in S&P Global that occurred during the first three months of 2018 was 115.4 percent. Sequoia Financial Advisors LLC now has 2,154 shares of the business services provider’s stock after purchasing 1,154 additional shares during the quarter. The company’s stock is currently valued at $833,000 due to the combined value of all 2,154 shares. Lastly, but certainly not least, Empirical Financial Services LLC, which does business as Empirical Wealth Management, increased the percentage of S&P Global shares it owned by 12.4% during the first quarter of 2018. Empirical Financial Services LLC d.b.a. After purchasing an additional 81 shares of the business services provider’s stock during the period in question, Empirical Wealth Management now owns a total of 736 shares of the company’s stock, which has a value of $302,000 and was acquired through a total of 81 separate transactions. Institutional investors such as hedge funds and other types of financial organizations currently own 87.27 percent of the company’s shares.

Various brokerage firms have recently indicated that they are interested in SPGI as an investment opportunity. S&P Global was mentioned for the first time in an article on StockNews.com on October 12th, and the article was published on Wednesday of this week. They advised their clients to “hold” the stock moving forward. BMO Capital Markets assigned the rating of “outperform” to S&P Global in a research report published on November 28th, which was distributed to the public. S&P Global’s price target was increased from $355.00 to $393.00, reflecting the upward trend in the stock price. Oppenheimer increased the price target for S&P Global to $390.00 in a research report that was released on November 1st, and the report was published. On Tuesday, October 25th, Jefferies Financial Group reaffirmed their “buy” rating on shares of S&P Global and set a price target of $397.00, a decrease from their previous price objective of $430.00. In addition, the firm provided a price target range of $397.00–$420.00, which includes a range of $397.00–$420.00. JPMorgan Chase & Co. decreased their price objective on S&P Global shares from $410.00 to $390.00 in a research note published on Thursday, October 13th. The final and most significant adjustment was made here. Seventeen market analysts favor making a purchase of the stock, while only one supports the idea of keeping it in one’s portfolio. The current consensus rating for S&P Global is “Moderate Buy,” and the website also reports that the current consensus price target for the company is $395.06. The data for both of these statements were sourced from Bloomberg.com.

The price of one share of S&P Global increased by $0.59 to reach $368.00 during the trading session on Wednesday during lunchtime. The company’s stock was traded a total of 27,766 times today, a significant decrease from the daily average volume of 1,363,137 shares that were traded. The debt-to-equity ratio, the quick ratio, and the current ratio each equal 0.29, and the sum of these three ratios equal 0.83. S&P Global Inc. reached its all-time high of $434.77 one year ago and its all-time low of $279.32 that same year. The price-to-earnings ratio for the company is 30.72, the price-to-growth ratio is 2.43, and the beta value is 1.06. At the moment, the total value of the company, as determined by the market, is $119.89 billion. The stock’s moving average over the past 50 days comes in at $347.60, while the moving average over the past 200 days comes in at $344.61.

On Thursday, October 27th, the most recent quarterly earnings report for S&P Global (NYSE: SPGI) was made public. The company announced that its quarterly earnings per share (EPS) came in at $2.93, which was $0.14 higher than the consensus estimate among financial analysts, who had predicted an EPS of $2.79. S&P Global demonstrated a strong net margin performance (33.78%) and an equity return (12.47%). The company’s actual quarterly sales came in at $2.86 billion, which is lower than the consensus projection of $2.91 billion, which was the previous highest quarterly sales total. Market analysts’ projections indicate that during the current fiscal year, S&P Global Inc. will generate 11.1 cents per share.

According to other news regarding the company, Christopher Craig, SVP of the company, is reported to have sold 1,055 shares of S&P Global stock on Monday, December 5th. The total amount obtained from the sale of the shares was $369,271.10, and the price that prospective purchasers were willing to pay for them on average was $350.02. The senior vice president now owns 6,288 shares of the company’s stock as a direct result of the completed transaction. When traded on the market, the current value of these shares is $2,200,925.76. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. Employees and other company insiders collectively own less than 0.10 percent of the total shares issued by the corporation.

S&P Global Inc. and its subsidiaries offer a variety of products to customers in the global capital markets, commodity markets, and automotive industries. Some of these products include credit ratings, benchmarks, analytical tools, and workflow solutions. S&P Global is comprised of six different divisions, and those divisions are as follows: 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.

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