Retirement Solution Inc. Buys Shares of 800 S&P Global Inc. (NYSE:SPGI)

Retirement Solution Inc. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 800 shares of the business services provider’s stock, valued at approximately $352,000.

A number of other large investors also recently added to or reduced their stakes in SPGI. Valued Wealth Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group raised its position 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 acquiring an additional 25 shares during the period. Kathleen S. Wright Associates Inc. acquired a new stake in shares of S&P Global in the 3rd quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA raised its position 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 acquiring an additional 50 shares during the period. Finally, MCF Advisors LLC raised its holdings in S&P Global by 141.7% during the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after buying an additional 51 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on 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 $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.0 %

Shares of NYSE:SPGI traded up $0.02 during midday trading on Wednesday, hitting $413.28. The stock had a trading volume of 3,127,444 shares, compared to its average volume of 1,345,383. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $424.13 and its 200-day simple moving average is $417.08. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The company has a market cap of $132.36 billion, a P/E ratio of 50.22, a PEG ratio of 2.34 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned $2.54 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on SPGI shares. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer restated an “outperform” rating and set a $480.00 target price on shares of S&P Global in a report on Tuesday, April 2nd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Stifel Nicolaus dropped their target price on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

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.