S&P Global Inc. (NYSE:SPGI) Stock Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 520,485 shares of the business services provider’s stock after selling 9,531 shares during the period. Russell Investments Group Ltd. owned 0.16% of S&P Global worth $229,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global during the 3rd quarter valued at about $25,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares during the last quarter. Fortis Group Advisors LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA grew its position in shares of S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were 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 directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Up 0.1 %

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

S&P Global (NYSE:SPGI) last announced its quarterly 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 net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, sell-side analysts forecast that S&P Global Inc. will post 13.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in 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. Raymond James upped their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. BMO Capital Markets upped their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus upped their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Erste Group Bank reaffirmed 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $462.60.

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.