Yousif Capital Management LLC Cuts Position in S&P Global Inc. (NYSE:SPGI)

Yousif Capital Management LLC lessened its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,433 shares of the business services provider's stock after selling 1,859 shares during the quarter. Yousif Capital Management LLC's holdings in S&P Global were worth $27,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. D.B. Root & Company LLC grew its holdings in S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider's stock worth $292,000 after acquiring an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider's stock worth $315,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP increased its holdings in S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider's stock valued at $598,000 after purchasing an additional 24 shares during the period. Oakworth Capital Inc. raised its position in S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider's stock valued at $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its holdings in S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider's stock worth $655,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.9 %

NYSE:SPGI traded down $3.68 during midday trading on Tuesday, reaching $413.25. The company had a trading volume of 2,355,958 shares, compared to its average volume of 1,317,412. S&P Global Inc. has a 12-month low of $338.92 and a 12-month high of $461.16. The firm has a market capitalization of $132.35 billion, a price-to-earnings ratio of 50.21, a PEG ratio of 2.32 and a beta of 1.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock's fifty day simple moving average is $424.29 and its 200-day simple moving average is $417.10.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.15 by ($0.02). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $2.54 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. Oppenheimer reiterated an "outperform" rating and set a $480.00 target price on shares of S&P Global in a report on Tuesday, April 2nd. Stifel Nicolaus decreased their price objective on S&P Global from $460.00 to $442.00 and set a "buy" rating for the company in a report on Thursday, April 18th. Erste Group Bank reissued a "hold" rating on shares of S&P Global in a research report on Wednesday, April 3rd. BMO Capital Markets upped their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a research report on Monday, April 1st. Finally, Raymond James lifted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an "outperform" rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price of $462.00.

Insider Buying and Selling

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company's stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

About S&P Global

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.