PFG Investments LLC Boosts Stake in S&P Global Inc. (NYSE:SPGI)

PFG Investments LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 23.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,320 shares of the business services provider’s stock after acquiring an additional 255 shares during the period. PFG Investments LLC’s holdings in S&P Global were worth $562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the last quarter. Morgan Stanley boosted its stake in shares of S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares in the last quarter. Capital International Investors grew its holdings in shares of S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after purchasing an additional 616,732 shares during the last quarter. Norges Bank bought a new position in shares of S&P Global during the 4th quarter valued at $1,652,862,000. Finally, Northern Trust Corp raised its position in S&P Global by 1.6% in the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after purchasing an additional 52,560 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.1 %

SPGI stock traded down $0.45 on Monday, reaching $415.33. The company’s stock had a trading volume of 1,667,246 shares, compared to its average volume of 1,365,647. The firm has a market cap of $129.96 billion, a PE ratio of 46.56, a PEG ratio of 2.35 and a beta of 1.15. The business has a fifty day simple moving average of $423.63 and a two-hundred day simple moving average of $418.41. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates 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 forecast that S&P Global Inc. will post 14.03 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’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 completion of the transaction, 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 SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Company 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.