800 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Retirement Solution Inc.

Retirement Solution Inc. acquired a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 800 shares of the business services provider’s stock, valued at approximately $352,000.

Several other large investors also recently added to or reduced their stakes in SPGI. Wellington Management Group LLP grew its holdings in 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 valued at $2,769,787,000 after buying an additional 881,215 shares in the last quarter. Morgan Stanley grew its holdings in S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after buying an additional 428,737 shares in the last quarter. Northern Trust Corp grew its holdings in S&P Global by 1.6% during the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock valued at $1,196,728,000 after buying an additional 52,560 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in S&P Global by 3.9% during 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 buying an additional 83,174 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in S&P Global by 24.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock valued at $662,013,000 after buying an additional 294,896 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI traded up $0.02 during mid-day trading on Wednesday, reaching $413.28. The stock had a trading volume of 3,127,444 shares, compared to its average volume of 1,345,383. The firm has a 50 day moving average price of $424.13 and a two-hundred day moving average price of $417.08. The stock has a market capitalization of $132.36 billion, a P/E ratio of 50.22, a P/E/G ratio of 2.34 and a beta of 1.15. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16. 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 (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 firm had revenue of $3.15 billion during 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 business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 EPS. As a group, analysts expect that S&P Global Inc. will post 14.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on SPGI. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Raymond James lifted their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. BMO Capital Markets lifted their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.