Ghe LLC Cuts Position in S&P Global Inc. (NYSE:SPGI)

Ghe LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 30.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,050 shares of the business services provider's stock after selling 3,994 shares during the quarter. S&P Global comprises 2.4% of Ghe LLC's portfolio, making the stock its 11th biggest holding. Ghe LLC's holdings in S&P Global were worth $3,987,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $25,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider's stock valued at $28,000 after purchasing an additional 25 shares during the last quarter. Fortis Group Advisors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $33,000. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider's stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPGI. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Oppenheimer reissued an "outperform" rating and set a $480.00 price target on shares of S&P Global in a research note on Tuesday, April 2nd. Stifel Nicolaus decreased their price target on S&P Global from $460.00 to $442.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. Erste Group Bank reissued a "hold" rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $462.00.

S&P Global Stock Up 0.0 %

SPGI stock traded up $0.02 on Wednesday, hitting $413.28. 3,127,444 shares of the company's stock were exchanged, compared to its average volume of 1,345,383. S&P Global Inc. has a 12-month low of $338.92 and a 12-month high of $461.16. The firm has a 50 day moving average price of $424.13 and a two-hundred day moving average price of $417.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $132.36 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

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

Insiders Place Their Bets

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

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.

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