J.W. Cole Advisors Inc. Takes $201,000 Position in S&P Global Inc. (NYSE:SPGI)

J.W. Cole Advisors Inc. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 457 shares of the business services provider’s stock, valued at approximately $201,000.

Several other hedge funds have also recently modified their holdings of SPGI. Wellington Management Group LLP increased its holdings in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares during the period. Morgan Stanley increased its holdings in 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 worth $2,067,807,000 after buying an additional 428,737 shares during the period. Assenagon Asset Management S.A. increased its holdings in S&P Global by 1,750.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock worth $156,538,000 after buying an additional 405,234 shares during the period. Envestnet Asset Management Inc. increased its holdings in S&P Global by 42.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock worth $377,630,000 after buying an additional 309,123 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in S&P Global by 35.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock worth $430,827,000 after buying an additional 308,683 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The shares were 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 of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

S&P Global Price Performance

S&P Global stock opened at $415.50 on Friday. The company’s fifty day moving average price is $423.95 and its 200 day moving average price is $417.07. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16. The stock has a market capitalization of $133.07 billion, a P/E ratio of 50.49, a P/E/G ratio of 2.32 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 0.84.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business posted $2.54 EPS. S&P Global’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Oppenheimer restated an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research report on Tuesday, April 2nd. Barclays raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

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.