S&P Global Inc. (NYSE:SPGI) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in S&P Global Inc. (NYSE:SPGI) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,044 shares of the business services provider’s stock after purchasing an additional 2,174 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in S&P Global were worth $3,544,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPGI. Kathleen S. Wright Associates Inc. acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $25,000. Valued Wealth Advisors LLC acquired a new stake in S&P Global during the 4th quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group lifted its position in 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 worth $28,000 after acquiring an additional 25 shares during the period. Fortis Group Advisors LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $33,000. Finally, LFA Lugano Financial Advisors SA lifted its position in 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 worth $33,000 after acquiring an additional 50 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global 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 completion of the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

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

S&P Global Price Performance

Shares of NYSE:SPGI opened at $413.28 on Thursday. The company has a market cap of $132.36 billion, a P/E ratio of 50.22, a P/E/G ratio of 2.32 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52 week low of $338.92 and a 52 week high of $461.16. The business has a fifty day simple moving average of $424.13 and a 200-day simple moving average of $417.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. S&P Global’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.54 EPS. Equities research analysts forecast that S&P Global Inc. will post 14.11 EPS for the current 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.