S&P Global Inc. (NYSE:SPGI) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 37.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,176 shares of the business services provider’s stock after selling 698 shares during the quarter. Sigma Planning Corp’s holdings in S&P Global were worth $518,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of S&P Global by 13.2% during 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 purchasing an additional 881,215 shares during the period. Morgan Stanley lifted its stake in S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after buying an additional 428,737 shares during the last quarter. Northern Trust Corp grew its position in shares of S&P Global by 1.6% during the third quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after acquiring an additional 52,560 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of S&P Global by 3.9% during the third quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock worth $798,821,000 after acquiring an additional 83,174 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of S&P Global by 24.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock worth $662,013,000 after acquiring an additional 294,896 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.5 %

Shares of SPGI stock opened at $415.50 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $423.95 and a 200 day simple moving average of $417.07. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week 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.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business posted $2.54 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Oppenheimer reissued an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Barclays lifted their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus decreased their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $462.00.

Insider Buying and Selling

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by 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.