Mather Group LLC. Sells 87 Shares of S&P Global Inc. (NYSE:SPGI)

Mather Group LLC. cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,614 shares of the business services provider’s stock after selling 87 shares during the period. Mather Group LLC.’s holdings in S&P Global were worth $2,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares during the period. Morgan Stanley raised its stake in 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 worth $2,067,807,000 after acquiring an additional 428,737 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of S&P Global by 1.6% during the third quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock valued at $1,196,728,000 after acquiring an additional 52,560 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of S&P Global by 3.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock valued at $798,821,000 after purchasing an additional 83,174 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of S&P Global by 24.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock worth $662,013,000 after purchasing an additional 294,896 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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 that occurred 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 $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer lifted their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus increased their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target 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 given a buy rating to the company’s stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $462.60.

S&P Global Trading Down 0.1 %

Shares of NYSE SPGI opened at $415.33 on Tuesday. The company’s 50 day simple moving average is $423.63 and its 200 day simple moving average is $418.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The firm has a market capitalization of $129.96 billion, a P/E ratio of 46.56, a P/E/G ratio of 2.35 and a beta of 1.15.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts predict that S&P Global Inc. will post 14.03 EPS for the current year.

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.