S&P Global Inc. (NYSE:SPGI) Shares Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,518 shares of the business services provider’s stock after acquiring an additional 90 shares during the quarter. S&P Global makes up 1.1% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 27th biggest holding. Penobscot Investment Management Company Inc.’s holdings in S&P Global were worth $9,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SPGI. 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 increased its stake 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 valued at $28,000 after purchasing an additional 25 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in S&P Global during the third quarter worth approximately $33,000. LFA Lugano Financial Advisors SA lifted 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 worth $33,000 after buying an additional 50 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at $35,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI stock traded down $0.91 on Tuesday, reaching $414.40. 501,015 shares of the company’s stock were exchanged, compared to its average volume of 1,353,680. The stock has a fifty day moving average of $423.63 and a 200-day moving average of $418.41. The firm has a market cap of $129.67 billion, a PE ratio of 46.56, a P/E/G ratio of 2.35 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16.

S&P Global (NYSE:SPGI) last released 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. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, equities analysts predict that S&P Global Inc. will post 14.03 EPS for the current fiscal year.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. Raymond James boosted their price target 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. Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus increased their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets increased their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $462.60.

Insider Transactions at S&P Global

In related 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 sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.