Bailard Inc. Acquires 759 Shares of S&P Global Inc. (NYSE:SPGI)

Bailard Inc. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% during the 4th quarter, HoldingsChannel reports. The fund owned 29,732 shares of the business services provider’s stock after buying an additional 759 shares during the period. Bailard Inc.’s holdings in S&P Global were worth $13,098,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. D.B. Root & Company LLC lifted its stake in shares of S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after buying an additional 23 shares in the last quarter. Allworth Financial LP lifted its stake in shares of S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after buying an additional 24 shares in the last quarter. Oakworth Capital Inc. lifted its stake in shares of S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after buying an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its stake in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after buying an additional 25 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI stock traded up $0.02 during midday trading on Wednesday, reaching $413.28. 3,127,444 shares of the company’s stock traded hands, compared to its average volume of 1,345,383. S&P Global Inc. has a 52-week low of $338.92 and a 52-week high of $461.16. The stock has a market cap of $132.36 billion, a P/E ratio of 50.22, a PEG ratio of 2.34 and a beta of 1.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $424.13 and its 200 day moving average is $417.08.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. Raymond James upped 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. Stifel Nicolaus dropped 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 note on Thursday, April 18th. Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada restated 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

Insider Buying and Selling 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 that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction 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 $69,032,992.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

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.