Wynn Capital LLC Purchases Shares of 473 S&P Global Inc. (NYSE:SPGI)

Wynn Capital LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 473 shares of the business services provider’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Wellington Management Group LLP boosted its holdings in shares of S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after purchasing an additional 881,215 shares during the last quarter. Morgan Stanley grew its holdings in shares of S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in S&P Global by 1,750.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock worth $156,538,000 after buying an additional 405,234 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in S&P Global by 42.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock worth $377,630,000 after purchasing an additional 309,123 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of S&P Global by 35.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock valued at $430,827,000 after acquiring an additional 308,683 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Barclays raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets lifted their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Oppenheimer restated an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a research report on Tuesday, April 2nd. Raymond James upped their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.8 %

Shares of SPGI traded down $3.49 on Thursday, hitting $409.79. The company’s stock had a trading volume of 899,921 shares, compared to its average volume of 1,339,023. The firm has a market capitalization of $131.24 billion, a price-to-earnings ratio of 50.22, a P/E/G ratio of 2.32 and a beta of 1.15. The firm’s fifty day moving average price is $424.13 and its 200-day moving average price is $417.08. 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 Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business earned $2.54 earnings per share. S&P Global’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that S&P Global Inc. will post 14.11 EPS for the current year.

S&P Global Company 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.