The most recent Form 13F filing that Smith Salley & Associates made with the Securities and Exchange Commission revealed that during the third quarter of 2018, the company increased the percentage of S&P Global Inc. (NYSE: SPGI) shares that it owned by 1.2%. The company ended up with 40,793 shares of the business services provider’s stock after purchasing an additional 472 shares throughout the period in question. The value of Smith, Salley & Associates’ stake in S&P Global was reported to be $12,456,000 in their most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have recently made adjustments to the percentage of their SPGI holdings that they hold. These adjustments were made in recent months. During the second quarter, Bishop Rock Capital L.P. increased the amount of S&P Global stock owned by 15,444.3%. Bishop Rock Capital L.P. now holds a total of 5,570,928 of the business services provider’s shares, which are currently valued at $16,528,000, after purchasing an additional 5,535,089 shares throughout the most recent period. The company purchased these shares. The value of Clearbridge Investments, LLC’s holdings in S&P Global increased by 11,089.7% during the first three months of 2018 compared to those at the beginning of the year. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock, which are currently valued at $914,794,000 after the company made an additional purchase of 2,210,296 shares during the most recent quarter. Clearbridge Investments LLC’s stock holdings are currently worth $914,794,000. Price T. Rowe Associates Inc. (M.D.), over the second quarter, brought the total percentage of S&P Global shares that it owned to a level that was 60.3% higher than before. Price T. Rowe Associates Inc. (M.D.) now owns a total of 5,490,342 shares of the business services provider’s stock, which has a value of $1,850,574,000, following the acquisition of an additional 2,065,830 shares during the most recent quarter. This brings the total number of shares owned by the company to 5,490,342. The value of Northern Trust Corporation’s holdings in S&P Global increased by 39.5% over the first three months of 2018. Compared to its holdings of 1,056,097 shares at the end of the most recent fiscal quarter, Northern Trust Corp. now has 3,727,874 of the business services provider’s shares in its portfolio. The value of the company’s stock holdings, according to the most recent information available on the market, is $1,529,000,000. To keep up with its competitors, Charles Schwab Investment Management Inc. boosted the proportion of S&P Global shares it owned by 49.2 percent during the first three months of this year. Charles Schwab Investment Management Inc. now holds 1,801,772 shares of the business services provider’s stock after purchasing an additional 594,474 shares during the most recent quarter. The stock currently has a market value of $739,051,000. Institutional investors and hedge funds own 87.27 percent of the total shares issued by the company.
On Monday, December 5th, Senior Vice President Christopher Craig sold 1,055 shares of the company’s stock. This was reported in another piece of news. This follows other recent events that have taken place. A total of $369,271.10 worth of shares were transacted at an average price of $350.02 per share, leading to a sale volume of 369,271.10 dollars. The Senior Vice President currently has direct ownership, direct ownership, direct ownership, direct ownership, direct ownership, direct ownership, direct ownership, direct ownership, direct ownership, direct ownership, redirect owners, direct ownershipirect ownership, dct ownership, direownership, direct ship, direct ownership, direct owners, direct ownership of, dir ownership of, dir ownership of, dir ownership of, dir ownership of, dir ownership of, dir ownership of, dir ownership of, dir ownership, etc. ownership of, direct ownership of, direct ownership of, direct ownership of, direct ownership of, direct ownership of, direct ownership of, direct ownership of Following the submission of a court document to the SEC; the transaction was brought to the attention of the general public. On the website of the SEC, you can find the document you are looking for. Corporate insiders hold only 0.10% of the total number of shares in the company.
The stock in question has been the subject of several equity analysts’ commentary. In a report released on Tuesday, November 1st, Argus lowered their target price for the stock of S&P Global from $420.00 to $365.00 and gave the stock of S&P Global a “buy” rating. In addition, Argus gave the stock of S&P Global a “buy” rating. In a report made public on October 12th, Stifel Nicolaus lowered their price objective on S&P Global shares from $403.00 to $366.00 while maintaining their “buy” rating overall. JPMorgan Chase & Co. announced on Thursday, October 13, that they are lowering their price objective on S&P Global shares from $410.00 to $390.00 in a report that was made public on the same day. In a report made public on Friday, October 28th, Raymond James lowered their “outperform” rating and price target on S&P Global shares from $402.00 to $398.00. The news came as a result of a decrease in the price of the shares. 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. Seventeen market analysts favor making a purchase of the stock, while only one supports the idea of keeping it in one’s portfolio. The company is currently rated as having a consensus of “Moderate Buy,” and its average price objective is $395.06, as indicated by the data presented by Bloomberg.com.
During trading on Friday, the price of a share of S&P Global decreased by $2.19, bringing it to a new all-time low of $365.58. The number of shares traded by the company was 7,634, a significant decrease from the normal volume of 1,368,373 shares traded. S&P Global Inc. reached its all-time high of $450.07 last year, while the company hit its all-time low of $279.32 in the same period. The price of the stock’s moving average over the past 50 days comes in at $344.70, and the price of the stock’s moving average over the past 200 days comes in at $343.91. Given the company’s current market value of $119.11 billion, its P/E ratio of 30.75, its PEG ratio of 2.30, and its beta value of 1.06, the company has adequate financial resources. 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 (NYSE: SPGI) disclosed the outcomes of its most recent quarterly earnings report on Thursday, October 27th, making it available for public consumption. The company announced quarterly earnings per share of $2.93, which was $0.14 higher than the consensus estimate among analysts, which was $2.79. S&P Global demonstrated a strong net margin performance (33.78%) and an equity return (12.47%). But despite analysts’ expectations that it would bring in $2.91 billion in revenue during the quarter, the company could only bring in $2.86 billion in total during the period in question. According to the forecasts provided by analysts working in the relevant industry, S&P Global Inc. is anticipated to generate a profit of 11.1 cents per share for the current financial year.
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.