Brown Advisory Inc. Has $5.07 Million Holdings in S&P Global Inc (SPGI)

Brown Advisory Inc. lowered its stake in S&P Global Inc (NYSE:SPGI) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,850 shares of the business services provider’s stock after selling 1,155 shares during the period. Brown Advisory Inc.’s holdings in S&P Global were worth $5,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SPGI. Cerebellum GP LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $256,000. Retirement Systems of Alabama raised its position in shares of S&P Global by 1.3% during the 4th quarter. Retirement Systems of Alabama now owns 146,993 shares of the business services provider’s stock worth $24,980,000 after acquiring an additional 1,922 shares in the last quarter. LPL Financial LLC raised its position in shares of S&P Global by 5.4% during the 3rd quarter. LPL Financial LLC now owns 17,761 shares of the business services provider’s stock worth $3,470,000 after acquiring an additional 914 shares in the last quarter. Legal & General Group Plc raised its position in shares of S&P Global by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 1,183,247 shares of the business services provider’s stock worth $231,347,000 after acquiring an additional 29,114 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of S&P Global by 56.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,822 shares of the business services provider’s stock worth $2,572,000 after acquiring an additional 4,637 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

In other S&P Global news, CEO Alexander Matturri, Jr. sold 1,791 shares of S&P Global stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value of $350,570.34. Following the transaction, the chief executive officer now directly owns 17,354 shares in the company, valued at approximately $3,396,871.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ewout L. Steenbergen sold 4,000 shares of S&P Global stock in a transaction that occurred on 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 $1,017,413.80. The disclosure for this sale can be found here. Insiders sold a total of 17,251 shares of company stock worth $3,437,289 over the last quarter. Company insiders own 0.20% of the company’s stock.

Several research analysts have commented on SPGI shares. Zacks Investment Research lowered S&P Global from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Raymond James cut their price target on S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. ValuEngine raised S&P Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Atlantic Securities raised S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price target on the stock in a research report on Friday, January 11th. Finally, UBS Group cut their price target on S&P Global from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, January 8th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. S&P Global presently has an average rating of “Hold” and a consensus price target of $205.40.

SPGI opened at $203.18 on Friday. The company has a market cap of $50.51 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.24 and a beta of 1.16. S&P Global Inc has a 52 week low of $156.68 and a 52 week high of $217.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $2.20 by $0.02. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. Equities analysts predict that S&P Global Inc will post 9.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th were paid a $0.57 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, February 25th. S&P Global’s dividend payout ratio (DPR) is 26.82%.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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