S&P Global Inc. (NASDAQ:SPGI) To Release Earnings

Cornelia Mascio
Ottobre 28, 2017

S&P Global Inc. (NYSE:SPGI) ended its day at $165.00 with the rising stream of 2.54% and its total traded volume was 2.56 million shares more than the average volume. The fund owned 42,786 shares of the business services provider's stock after selling 4,400 shares during the quarter.

Several other large investors have also added to or reduced their stakes in SPGI. Finally, Goldman Sachs Group, Inc.

S&P Global shares have climbed 50 percent since the beginning of the year. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Bank of Stockton purchased a new position in shares of S&P Global during the second quarter worth about $373,000. Pictet Asset Management Ltd. now owns 170,831 shares of the business services provider's stock valued at $26,703,000 after buying an additional 25,700 shares during the period. Independent Franchise Partners LLP lifted its position in shares of S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,294,233 shares of the business services provider's stock valued at $299,478,000 after acquiring an additional 173,058 shares during the period.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share. Morgan Stanley reaffirmed an "equal weight" rating and set a $120.00 target price on shares of S&P Global in a research note on Tuesday, July 19th. Cantor Fitzgerald reaffirmed a "buy" rating and set a $177.00 price objective on shares of S&P Global in a report on Thursday. (NASDAQ:SPGI), 3 rate it "Buy", 8 "Outperform", 3 "Underperform", 0 "Sell", while 0 "Hold". S&P Global presently has a consensus rating of "Buy" and a consensus price target of $162.73.

In related news, SVP Nancy Luquette sold 860 shares of the business's stock in a transaction that occurred on Wednesday, August 23rd. Following the sale, the senior vice president now directly owns 106 shares of the company's stock, valued at $16,059.

According to S&P Global Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 86.31%.

Insider trading activity is a great indicator of how a stock is performing, so let's take a look at S&P Global Inc.

WARNING: "Barclays PLC Increases S&P Global Inc". (NYSE SPGI) opened at 164.31 on Friday.

With a market capitalization of $0, S&P Global has PE ratio of 19.07 with a one year low of $107.21 and a one year high of $164.83. When looking at the past five sessions, the stock returned -5.63% losses and is down by -13.91% compared with its 200-day moving average of $38.03.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 28th. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. The company's quarterly revenue was up 5.1% compared to the same quarter previous year.

In terms of earnings per share, 14 analysts have a 1.49 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 13 analysts have a 1.71 EPS mean target and for the quarter ending Mar-18 there are 14 estimates of 6.36 EPS.

S&P Global Inc. (NYSE:SPGI), stock is trading $163.11 above the 52-week high and has displayed a high EPS growth of 31.80% in last 5 years.

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