S&P Global Inc. (NYSE:SPGI) Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its position in S&P Global Inc. (NYSE:SPGI) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,231 shares of the business services provider’s stock after acquiring an additional 437 shares during the period. Marks Group Wealth Management Inc’s holdings in S&P Global were worth $7,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. purchased a new position in shares of S&P Global during the third quarter worth $25,000. Valued Wealth Advisors LLC acquired a new position in S&P Global during the fourth quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group boosted its position in S&P Global by 64.1% during 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 last quarter. Fortis Group Advisors LLC acquired a new position in S&P Global during the third quarter worth about $33,000. Finally, LFA Lugano Financial Advisors SA boosted its position in S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. BMO Capital Markets lifted their target price 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. Stifel Nicolaus reduced their price target on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

S&P Global Price Performance

Shares of SPGI opened at $413.25 on Wednesday. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. The firm’s 50 day moving average price is $424.29 and its 200 day moving average price is $417.10. The company has a market cap of $132.35 billion, a P/E ratio of 50.21, a PEG ratio of 2.34 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the company earned $2.54 earnings per share. S&P Global’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, 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 SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

S&P Global 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.