Mill Creek Capital Advisors LLC Grows Stock Position in S&P Global Inc. (NYSE:SPGI)

Mill Creek Capital Advisors LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 28.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 968 shares of the business services provider’s stock after acquiring an additional 212 shares during the period. Mill Creek Capital Advisors LLC’s holdings in S&P Global were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sapient Capital LLC increased its position in S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares in the last quarter. Chatham Capital Group Inc. raised its position in shares of S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after buying an additional 21 shares during the last quarter. D.B. Root & Company LLC lifted its stake in shares of S&P Global by 2.4% during the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock valued at $426,000 after buying an additional 22 shares during the period. Modera Wealth Management LLC boosted its position in S&P Global by 2.3% during the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after acquiring an additional 22 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in S&P Global by 1.0% during the second quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock worth $951,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.6 %

Shares of NYSE SPGI opened at $518.11 on Wednesday. The stock has a fifty day moving average price of $500.51 and a 200 day moving average price of $456.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $528.02. The company has a market cap of $162.17 billion, a P/E ratio of 58.08, a P/E/G ratio of 2.91 and a beta of 1.17.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $3.12 EPS. Research analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

Insider Activity

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group raised their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Morgan Stanley upped their price objective on shares of S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $548.18.

S&P Global Profile

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.