Legacy Capital Wealth Partners LLC Acquires 69 Shares of S&P Global Inc. (NYSE:SPGI)

Legacy Capital Wealth Partners LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,051 shares of the business services provider’s stock after buying an additional 69 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in S&P Global were worth $904,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC bought a new position in S&P Global in the 4th quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of S&P Global in the 3rd quarter worth $25,000. LFA Lugano Financial Advisors SA lifted its position in S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in S&P Global by 141.7% during the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 51 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of SPGI stock traded up $0.28 during trading hours on Friday, hitting $415.78. The stock had a trading volume of 1,611,466 shares, compared to its average volume of 1,323,956. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.84. The stock’s 50-day moving average price is $423.79 and its two-hundred day moving average price is $417.74. The stock has a market capitalization of $133.16 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 2.36 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Equities analysts forecast that S&P Global Inc. will post 14.03 EPS for the current year.

Insider Transactions at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Oppenheimer lifted their target price 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 lifted their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lifted their target price 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. Finally, Raymond James raised their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $462.60.

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.