Gilliland Jeter Wealth Management LLC Buys New Stake in S&P Global Inc. (NYSE:SPGI)

Gilliland Jeter Wealth Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 2,572 shares of the business services provider's stock, valued at approximately $1,133,000.

Several other institutional investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its position in S&P Global by 819.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider's stock worth $396,000 after purchasing an additional 967 shares during the period. Boston Trust Walden Corp boosted its position in S&P Global by 5.8% during the 3rd quarter. Boston Trust Walden Corp now owns 3,560 shares of the business services provider's stock worth $1,301,000 after purchasing an additional 195 shares during the period. Blue Fin Capital Inc. boosted its position in S&P Global by 4.4% during the 3rd quarter. Blue Fin Capital Inc. now owns 4,259 shares of the business services provider's stock worth $1,556,000 after purchasing an additional 180 shares during the period. WS Portfolio Advisory LLC purchased a new stake in S&P Global during the 3rd quarter worth $4,844,000. Finally, GDS Wealth Management boosted its position in S&P Global by 9.8% during the 3rd quarter. GDS Wealth Management now owns 17,481 shares of the business services provider's stock worth $6,388,000 after purchasing an additional 1,557 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of S&P Global from $442.00 to $446.00 and gave the stock a "buy" rating in a research report on Friday. Barclays upped their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Oppenheimer upped their price objective on shares of S&P Global from $480.00 to $482.00 and gave the company an "outperform" rating in a research report on Friday. Raymond James upped their price objective 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $462.60.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

S&P Global Stock Up 0.1 %

Shares of S&P Global stock traded up $0.28 during trading on Friday, reaching $415.78. The company had a trading volume of 1,611,466 shares, compared to its average volume of 1,323,956. The company has a market cap of $133.16 billion, a price-to-earnings ratio of 46.61, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The firm's fifty day moving average is $423.79 and its 200-day moving average is $418.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.92. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, analysts anticipate that S&P Global Inc. will post 14.03 EPS for the current year.

S&P Global Company 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.