MCF Advisors LLC Buys 51 Shares of S&P Global Inc. (NYSE:SPGI)

MCF Advisors LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 141.7% in the 4th quarter, HoldingsChannel reports. The firm owned 87 shares of the business services provider’s stock after purchasing an additional 51 shares during the period. MCF Advisors LLC’s holdings in S&P Global were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SPGI. Fidelis Capital Partners LLC lifted its holdings in shares of S&P Global by 18.5% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after acquiring an additional 220 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after acquiring an additional 87 shares during the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in shares of S&P Global in the 4th quarter worth approximately $1,644,000. Aspiriant LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $398,000. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of S&P Global by 12.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock worth $68,051,000 after acquiring an additional 20,153 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James lifted their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

S&P Global Stock Up 1.1 %

NYSE:SPGI opened at $416.93 on Tuesday. The firm’s 50-day moving average price is $424.47 and its 200-day moving average price is $416.76. The company has a market capitalization of $133.53 billion, a PE ratio of 50.66, a P/E/G ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. S&P Global Inc. has a 1-year low of $338.92 and a 1-year high of $461.16.

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

About S&P Global

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.