Golden State Equity Partners Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Golden State Equity Partners increased its position in S&P Global Inc. (NYSE:SPGI) by 21.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,504 shares of the business services provider’s stock after buying an additional 261 shares during the period. Golden State Equity Partners’ holdings in S&P Global were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Kathleen S. Wright Associates Inc. acquired a new stake in S&P Global during the 3rd quarter worth about $25,000. Valued Wealth Advisors LLC acquired a new stake in S&P Global during the 4th quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group grew its position in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the period. Fortis Group Advisors LLC acquired a new stake in S&P Global during the 3rd quarter worth about $33,000. Finally, LFA Lugano Financial Advisors SA grew its position in 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 period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. BMO Capital Markets raised their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, 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 report on Friday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $462.60.

S&P Global Price Performance

SPGI traded up $0.28 during trading on Friday, reaching $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 quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $423.79 and a two-hundred day simple moving average of $417.41. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a market cap of $133.16 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 2.36 and a beta of 1.15.

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

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global 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 sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.