Hills Bank & Trust Co. Acquires New Position in S&P Global Inc (SPGI)

Hills Bank & Trust Co. acquired a new position in S&P Global Inc (NYSE:SPGI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,205 shares of the business services provider’s stock, valued at approximately $254,000.

A number of other hedge funds also recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in S&P Global in the 4th quarter valued at about $28,000. Moody National Bank Trust Division acquired a new stake in S&P Global in the 4th quarter valued at about $29,000. Legacy Bridge LLC acquired a new stake in S&P Global in the 4th quarter valued at about $30,000. Sontag Advisory LLC acquired a new stake in S&P Global in the 4th quarter valued at about $31,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in S&P Global by 7,358.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 5,345,720 shares during the last quarter. 83.96% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on SPGI. ValuEngine upgraded S&P Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Morgan Stanley set a $193.00 target price on S&P Global and gave the company a “hold” rating in a report on Wednesday, January 23rd. Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a report on Monday, February 18th. UBS Group downgraded S&P Global from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $200.00 to $205.00 in a report on Friday, February 8th. Finally, Raymond James increased their price objective on S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $215.18.

NYSE:SPGI opened at $213.12 on Friday. S&P Global Inc has a 52 week low of $156.68 and a 52 week high of $222.00. The company has a market capitalization of $52.86 billion, a P/E ratio of 25.07, a PEG ratio of 1.37 and a beta of 1.16. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.37 and a current ratio of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 EPS. On average, sell-side analysts anticipate that S&P Global Inc will post 9.03 EPS for the current year.

In other S&P Global news, SVP Nancy Luquette sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total transaction of $477,070.00. Following the completion of the sale, the senior vice president now owns 2,340 shares of the company’s stock, valued at $507,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value 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. Insiders have sold 33,346 shares of company stock valued at $6,900,729 in the last ninety days. Company 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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