S&P Global Materials Ishares (MXI) Shares Move 1.28%

Cornelia Mascio
Ottobre 17, 2017

The institutional investor owned 48,250 shares of the business services provider's stock after purchasing an additional 23,460 shares during the period. As of the end of the quarter Highland Capital Management, LLC had disposed of 3,214 shares trimming its holdings by 65.4%.

Several other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in S&P Global in the second quarter valued at $106,000. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider's stock valued at $131,000 after purchasing an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in shares of S&P Global by 1.0% during the 1st quarter. Parallel Advisors LLC boosted its holdings in S&P Global by 5.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider's stock valued at $1,017,000 after purchasing an additional 30 shares during the last quarter. Finally, Raymond James Financial, Inc. raised S&P Global from a "market perform" rating to an "outperform" rating and set a $143.00 target price for the company in a research note on Monday, April 17th. TNB Financial now owns 2,202 shares of the business services provider's stock valued at $321,000 after purchasing an additional 42 shares during the last quarter. The LSE listed company saw a recent bid of 2877.20 and 47103 shares have traded hands in the session. BMO Capital Markets reaffirmed a "buy" rating and issued a $177.00 price target on shares of S&P Global in a research note on Friday. Zacks Investment Research lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Tuesday, September 12th. Barclays PLC upped their price target on S&P Global from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, September 15th. The company presently has an average rating of "Buy" and an average target price of $160.30. Finally, UBS AG upped their price target on S&P Global from $154.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. In terms of moving averages, the 200-day is now at 139.47, the 50-day is 154.18, and the 7-day is resting at 160.05.

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In related news, SVP Nancy Luquette sold 860 shares of S&P Global stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares of the company's stock, valued at $16,059. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Taking a deeper look into the technical levels of S&P Global Inc (SPGI), we can see that the Williams Percent Range or 14 day Williams %R now sits at -11.55. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. The firm's 50-day moving average is $155.44 and its 200 day moving average is $145.96. S&P Global Inc has a 12-month low of $99.15 and a 12-month high of $146.98. The stock has a market capitalization of $41.63 billion, a price-to-earnings ratio of 18.87 and a beta of 1.50.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 27th. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. S&P Global's revenue for the quarter was up 1.8% on a year-over-year basis. As we slip further into the second half of the year, investors may be assessing the latest earnings reports and trying to calculate the future prospects of certain stocks. Next quarter's EPS is forecasted at $1.49 and the next full year EPS is projected to be $7.01. After a recent check, S&P Global Inc's 14-day RSI is now at 73.94, the 7-day stands at 81.77, and the 3-day is sitting at 91.66.

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