S&P Global Inc. (NYSE:SPGI) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,166 shares of the business services provider’s stock after selling 244 shares during the period. S&P Global makes up approximately 1.0% of Transcend Capital Advisors LLC’s portfolio, making the stock its 14th largest position. Transcend Capital Advisors LLC’s holdings in S&P Global were worth $11,527,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer lifted their price target on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets lifted 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. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Finally, Raymond James lifted their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Two equities 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, S&P Global has an average rating of “Moderate Buy” and an average price target of $462.60.

S&P Global Price Performance

Shares of NYSE SPGI traded up $0.28 on Friday, hitting $415.78. The company’s stock had a trading volume of 1,611,466 shares, compared to its average volume of 1,323,956. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.84. The company has a market capitalization 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 stock has a 50 day moving average of $423.79 and a 200-day moving average of $417.41. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, research analysts predict that S&P Global Inc. will post 13.99 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.