S&P Global Inc. (NYSE:SPGI) Shares Bought by Channing Global Advisors LLC

Channing Global Advisors LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,371 shares of the business services provider’s stock after purchasing an additional 32 shares during the quarter. Channing Global Advisors LLC’s holdings in S&P Global were worth $1,044,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fidelis Capital Partners LLC increased its holdings in shares of S&P Global by 18.5% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 220 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after acquiring an additional 87 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in S&P Global during the 4th quarter worth approximately $1,644,000. Aspiriant LLC purchased a new position in S&P Global during the 4th quarter worth approximately $398,000. Finally, Westfield Capital Management Co. LP grew its stake in S&P Global by 12.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock worth $68,051,000 after buying an additional 20,153 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPGI. Raymond James boosted their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Stifel Nicolaus lifted their price objective on S&P Global from $442.00 to $446.00 and gave the company 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 report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $462.40.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.4 %

NYSE SPGI traded up $1.55 on Friday, hitting $417.05. 412,875 shares of the stock traded hands, compared to its average volume of 1,346,884. The stock has a 50-day moving average of $423.95 and a 200 day moving average of $417.07. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The company has a market capitalization of $133.56 billion, a P/E ratio of 50.53, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. 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 (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. As a group, analysts expect 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.