Ghe LLC Reduces Holdings in S&P Global Inc. (NYSE:SPGI)

Ghe LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 30.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,050 shares of the business services provider’s stock after selling 3,994 shares during the quarter. S&P Global makes up approximately 2.4% of Ghe LLC’s portfolio, making the stock its 11th largest holding. Ghe LLC’s holdings in S&P Global were worth $3,987,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in SPGI. Founders Financial Securities LLC increased its position in S&P Global by 8.1% in the 3rd quarter. Founders Financial Securities LLC now owns 1,595 shares of the business services provider’s stock valued at $583,000 after acquiring an additional 120 shares during the period. GHP Investment Advisors Inc. boosted its holdings in S&P Global by 1.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 11,039 shares of the business services provider’s stock valued at $4,015,000 after purchasing an additional 129 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in S&P Global by 819.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 967 shares in the last quarter. Private Trust Co. NA boosted its holdings in S&P Global by 3.0% in the 3rd quarter. Private Trust Co. NA now owns 4,000 shares of the business services provider’s stock valued at $1,462,000 after purchasing an additional 115 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in S&P Global by 5.8% in the 3rd quarter. Boston Trust Walden Corp now owns 3,560 shares of the business services provider’s stock valued at $1,301,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock traded up $0.02 on Wednesday, reaching $413.28. The company had a trading volume of 3,127,444 shares, compared to its average volume of 1,345,383. S&P Global Inc. has a 1 year low of $338.92 and a 1 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. The company’s fifty day moving average is $424.13 and its 200 day moving average is $417.08. The company 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.

S&P Global (NYSE:SPGI) last posted its earnings results 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 net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the company posted $2.54 EPS. S&P Global’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that S&P Global Inc. will post 14.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPGI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Stifel Nicolaus lowered their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Oppenheimer reissued an “outperform” rating and set a $480.00 price target on shares of S&P Global in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’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 value of $2,548,440.00. Following the sale, 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 is available 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.