Citizens Financial Group Inc. RI Buys 1,115 Shares of S&P Global Inc. (NYSE:SPGI)

Citizens Financial Group Inc. RI boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 54.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,172 shares of the business services provider’s stock after purchasing an additional 1,115 shares during the period. Citizens Financial Group Inc. RI’s holdings in S&P Global were worth $1,397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC bought a new position in S&P Global in the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group raised its position in S&P Global by 64.1% in 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 during the period. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global during the 3rd quarter valued at $25,000. LFA Lugano Financial Advisors SA raised 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 purchasing an additional 50 shares during the period. Finally, MCF Advisors LLC raised its position in shares of S&P Global by 141.7% during the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 51 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated 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 owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $415.78 on Friday. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16. The stock has a market capitalization of $133.16 billion, a P/E ratio of 46.61, a PEG ratio of 2.36 and a beta of 1.15. The firm has a fifty day simple moving average of $423.79 and a two-hundred day simple moving average of $417.74. 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 issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts expect that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SPGI. Oppenheimer raised their price objective on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus raised their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday. Raymond James raised 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. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Company 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.