Consolidated Planning Corp Has $2.23 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Consolidated Planning Corp boosted its stake in S&P Global Inc. (NYSE:SPGI) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,051 shares of the business services provider’s stock after purchasing an additional 310 shares during the quarter. Consolidated Planning Corp’s holdings in S&P Global were worth $2,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Kathleen S. Wright Associates Inc. acquired a new position in S&P Global during the third quarter worth about $25,000. Valued Wealth Advisors LLC acquired a new position in S&P Global during the fourth quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group raised its stake in S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in S&P Global during the third quarter worth about $33,000. Finally, LFA Lugano Financial Advisors SA raised its stake in S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPGI shares. Raymond James boosted their target price on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Stifel Nicolaus upped their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Oppenheimer increased their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Stock Performance

Shares of SPGI stock traded up $0.28 on Friday, hitting $415.78. 1,611,466 shares of the stock were exchanged, compared to its average volume of 1,323,956. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $133.16 billion, a PE ratio of 46.61, a P/E/G ratio of 2.36 and a beta of 1.15. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The firm’s 50 day moving average is $423.79 and its two-hundred day moving average is $417.41.

S&P Global (NYSE:SPGI) last issued its earnings results 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. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. Sell-side analysts expect that S&P Global Inc. will post 13.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.