Legacy Capital Wealth Partners LLC Purchases 69 Shares of S&P Global Inc. (NYSE:SPGI)

Legacy Capital Wealth Partners LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,051 shares of the business services provider’s stock after purchasing an additional 69 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in S&P Global were worth $904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Kathleen S. Wright Associates Inc. bought a new position in S&P Global in the third quarter worth $25,000. Valued Wealth Advisors LLC bought a new position in S&P Global in the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of S&P Global by 64.1% during the fourth 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. Fortis Group Advisors LLC bought a new position in shares of S&P Global during the third quarter valued at $33,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in shares of S&P Global by 200.0% during the fourth 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. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Raymond James lifted their price objective on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Oppenheimer raised their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus lifted their price objective on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $462.60.

S&P Global Stock Up 0.1 %

Shares of NYSE:SPGI traded up $0.28 during trading on Friday, hitting $415.78. 1,611,466 shares of the company’s stock traded hands, compared to its average volume of 1,323,956. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. 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 company has a 50-day moving average price of $423.79 and a 200-day moving average price of $417.74.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. As a group, research analysts forecast that S&P Global Inc. will post 14.03 EPS for the current fiscal year.

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.