S&P Global Inc (SPGI) Holdings Lifted by Wambolt & Associates LLC

Wambolt & Associates LLC raised its stake in S&P Global Inc (NYSE:SPGI) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,744 shares of the business services provider’s stock after buying an additional 53 shares during the quarter. Wambolt & Associates LLC’s holdings in S&P Global were worth $375,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in shares of S&P Global during the 4th quarter worth about $28,000. Moody National Bank Trust Division bought a new position in shares of S&P Global during the 4th quarter worth about $29,000. Legacy Bridge LLC bought a new position in shares of S&P Global during the 4th quarter worth about $30,000. Sontag Advisory LLC bought a new position in shares of S&P Global during the 4th quarter worth about $31,000. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of S&P Global by 157.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock worth $34,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 84.45% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Raymond James increased their target price on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Barclays lowered their price objective on shares of S&P Global from $220.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. 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. Finally, UBS Group cut shares of S&P Global from a “buy” rating to a “neutral” rating and raised their price objective for the company from $200.00 to $205.00 in a research report on Friday, February 8th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. S&P Global presently has a consensus rating of “Buy” and an average target price of $212.18.

Shares of NYSE SPGI traded up $0.71 during midday trading on Friday, reaching $217.88. The company’s stock had a trading volume of 1,124,314 shares, compared to its average volume of 1,239,379. 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 Inc has a fifty-two week low of $156.68 and a fifty-two week high of $222.00. The company has a market capitalization of $53.62 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.12 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. S&P Global’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, sell-side analysts expect that S&P Global Inc will post 9.03 EPS for the current year.

In related news, insider John L. Berisford sold 9,669 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were 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 owns 26,344 shares of the company’s stock, valued at $5,327,283.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total transaction of $350,570.34. Following the sale, the chief executive officer now directly owns 17,354 shares of the company’s stock, valued at approximately $3,396,871.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,041 shares of company stock worth $3,805,815. Corporate insiders own 0.20% of the company’s stock.

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About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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