S&P Global Inc. (NYSE:SPGI) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,724 shares of the business services provider’s stock after acquiring an additional 483 shares during the period. S&P Global makes up 0.6% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 18th largest position. Linden Thomas Advisory Services LLC’s holdings in S&P Global were worth $2,962,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust lifted its position in S&P Global by 46.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 986 shares of the business services provider’s stock valued at $434,000 after buying an additional 312 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in S&P Global by 2.8% during the fourth quarter. Marks Group Wealth Management Inc now owns 16,231 shares of the business services provider’s stock valued at $7,150,000 after buying an additional 437 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in S&P Global by 37.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,044 shares of the business services provider’s stock valued at $3,544,000 after buying an additional 2,174 shares in the last quarter. RWA Wealth Partners LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $3,068,000. Finally, MCF Advisors LLC lifted its position in S&P Global by 141.7% during the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after buying an additional 51 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of S&P Global stock traded down $4.67 during trading on Tuesday, hitting $412.26. 1,477,385 shares of the stock were exchanged, compared to its average volume of 1,306,805. The stock’s fifty day moving average is $424.47 and its 200 day moving average is $416.76. The stock has a market cap of $132.03 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 quick ratio of 0.84 and a current ratio of 0.84. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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 revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.11 EPS for the current year.

Insider Activity at S&P Global

In other S&P Global 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPGI. BMO Capital Markets boosted 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 report on Monday, April 1st. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Raymond James boosted 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 report on Tuesday, January 9th. Stifel Nicolaus reduced their target price on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Oppenheimer reissued an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $462.00.

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.