S&P Global Inc. (NYSE:SPGI) Stock Holdings Lifted by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,834 shares of the business services provider’s stock after acquiring an additional 119 shares during the period. Magnolia Capital Advisors LLC’s holdings in S&P Global were worth $834,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPGI. Wellington Management Group LLP increased its position in shares of S&P Global by 13.2% in the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares in the last quarter. Morgan Stanley increased its position in shares of 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 worth $2,067,807,000 after acquiring an additional 428,737 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of S&P Global by 1,750.0% in the third quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock worth $156,538,000 after acquiring an additional 405,234 shares in the last quarter. Envestnet Asset Management Inc. grew its position in S&P Global by 42.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock valued at $377,630,000 after purchasing an additional 309,123 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in S&P Global by 35.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock valued at $430,827,000 after purchasing an additional 308,683 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

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

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus lowered their price objective on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Raymond James boosted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets boosted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Stock Up 0.0 %

NYSE SPGI traded up $0.02 during trading on Wednesday, reaching $413.28. The company’s stock had a trading volume of 3,127,444 shares, compared to its average volume of 1,345,383. The business has a 50-day moving average price of $424.13 and a 200-day moving average price of $417.08. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. 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 $132.36 billion, a PE ratio of 50.22, a PEG ratio of 2.34 and a beta of 1.15.

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

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.