American Century Companies Inc. Cuts Position in S&P Global Inc (NYSE:SPGI)

American Century Companies Inc. decreased its holdings in S&P Global Inc (NYSE:SPGI) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 912,923 shares of the business services provider’s stock after selling 31,656 shares during the quarter. American Century Companies Inc. owned 0.37% of S&P Global worth $155,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elite Wealth Management Inc. raised its position in shares of S&P Global by 1.0% during the fourth quarter. Elite Wealth Management Inc. now owns 7,058 shares of the business services provider’s stock valued at $1,199,000 after buying an additional 72 shares during the last quarter. Wedbush Securities Inc. increased its position in S&P Global by 3.7% in the fourth quarter. Wedbush Securities Inc. now owns 2,197 shares of the business services provider’s stock worth $373,000 after purchasing an additional 79 shares during the last quarter. Kaizen Advisory LLC increased its position in S&P Global by 13.5% in the fourth quarter. Kaizen Advisory LLC now owns 688 shares of the business services provider’s stock worth $117,000 after purchasing an additional 82 shares during the last quarter. Kalos Management Inc. increased its position in S&P Global by 1.6% in the fourth quarter. Kalos Management Inc. now owns 5,433 shares of the business services provider’s stock worth $923,000 after purchasing an additional 88 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in S&P Global by 1.1% in the fourth quarter. Bessemer Group Inc. now owns 8,373 shares of the business services provider’s stock worth $1,423,000 after purchasing an additional 89 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors.

In related news, CEO Alexander Matturri, Jr. sold 1,791 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total value of $350,570.34. Following the completion of the sale, the chief executive officer now directly owns 17,354 shares of the company’s stock, valued at $3,396,871.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John L. Berisford sold 9,669 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the completion of the sale, the insider now directly owns 26,344 shares of the company’s stock, valued at $5,327,283.68. The disclosure for this sale can be found here. Insiders have sold 19,041 shares of company stock valued at $3,805,815 over the last three months. Insiders own 0.20% of the company’s stock.

A number of research firms have weighed in on SPGI. UBS Group boosted their price objective on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Atlantic Securities upgraded shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective on the stock in a research report on Friday, January 11th. Raymond James cut their price objective on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 price objective on shares of S&P Global and gave the company a “hold” rating in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $212.18.

Shares of SPGI opened at $216.47 on Tuesday. The firm has a market cap of $53.06 billion, a PE ratio of 25.47, a P/E/G ratio of 1.34 and a beta of 1.16. S&P Global Inc has a 12-month low of $156.68 and a 12-month high of $217.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 5.35.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 earnings per share. Analysts predict that S&P Global Inc will post 9.03 EPS for the current year.

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About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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