C WorldWide Group Holding A S Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

C WorldWide Group Holding A S lessened its stake in S&P Global Inc. (NYSE:SPGI) by 10.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 775,605 shares of the business services provider’s stock after selling 91,747 shares during the period. S&P Global accounts for 4.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 9th biggest holding. C WorldWide Group Holding A S owned about 0.24% of S&P Global worth $341,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Consolidated Planning Corp boosted its position in shares of S&P Global by 6.5% in the fourth quarter. Consolidated Planning Corp now owns 5,051 shares of the business services provider’s stock valued at $2,225,000 after acquiring an additional 310 shares during the period. Dohj LLC grew its holdings in shares of S&P Global by 48.4% in the 4th quarter. Dohj LLC now owns 4,667 shares of the business services provider’s stock worth $2,056,000 after purchasing an additional 1,522 shares during the last quarter. Private Wealth Partners LLC increased its holdings in shares of S&P Global by 0.7% during the fourth quarter. Private Wealth Partners LLC now owns 9,062 shares of the business services provider’s stock worth $3,992,000 after buying an additional 62 shares in the last quarter. Addison Advisors LLC raised its stake in shares of S&P Global by 33.3% in the fourth quarter. Addison Advisors LLC now owns 176 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 44 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in S&P Global in the fourth quarter worth $1,133,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPGI. Stifel Nicolaus upped their target price 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. Oppenheimer lifted 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. BMO Capital Markets raised their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Raymond James boosted their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $462.60.

Insider Activity 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 transaction of $2,548,440.00. Following 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 SEC, which is available through this link. 0.10% of the stock is owned by insiders.

S&P Global Stock Up 0.1 %

NYSE SPGI traded up $0.28 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’s fifty day moving average is $423.79 and its 200-day moving average is $417.41. The firm 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 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 1-year low of $340.49 and a 1-year high of $461.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping 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 company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, research analysts forecast that S&P Global Inc. will post 13.99 earnings per share for the current fiscal year.

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.