Nisa Investment Advisors LLC decreased its position in shares of S&P Global Inc (NYSE:SPGI) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 81,370 shares of the business services provider’s stock after selling 900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in S&P Global were worth $13,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the business. Country Club Trust Company n.a. bought a new position in S&P Global during the 4th quarter worth $203,000. Milestone Resources Group Ltd bought a new position in shares of S&P Global in the fourth quarter worth $66,273,000. First Citizens Bank & Trust Co. bought a new position in shares of S&P Global in the fourth quarter worth $1,218,000. Chesley Taft & Associates LLC increased its position in shares of S&P Global by 58.3% in the fourth quarter. Chesley Taft & Associates LLC now owns 9,285 shares of the business services provider’s stock worth $1,573,000 after purchasing an additional 3,420 shares during the period. Finally, Hutchens Investment Management Inc bought a new position in shares of S&P Global in the fourth quarter worth $2,075,000. Hedge funds and other institutional investors own 84.95% of the company’s stock.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the transaction, the chief executive officer now owns 140,743 shares in the company, valued at $22,207,837.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Courtney Geduldig sold 1,404 shares of S&P Global stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the transaction, the executive vice president now owns 1,259 shares in the company, valued at approximately $200,659.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,000 shares of company stock worth $1,104,704. Company insiders own 0.20% of the company’s stock.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts forecast that S&P Global Inc will post 6.66 EPS for the current year.
SPGI has been the topic of a number of recent analyst reports. UBS Group raised their price target on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. BidaskClub cut S&P Global from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Tuesday, October 10th. Wells Fargo & Co raised their price target on S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Barclays restated an “overweight” rating and issued a $190.00 price target (up previously from $185.00) on shares of S&P Global in a research report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $171.46.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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