S&P Global Inc. (NYSE:SPGI) Shares Sold by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,983 shares of the business services provider’s stock after selling 40 shares during the quarter. S&P Global makes up about 2.7% of Invera Wealth Advisors LLC’s holdings, making the stock its 16th largest position. Invera Wealth Advisors LLC’s holdings in S&P Global were worth $3,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of S&P Global in the fourth quarter worth $1,652,862,000. Wellington Management Group LLP boosted its stake in shares of S&P Global by 13.2% during the third 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 acquiring an additional 881,215 shares during the last quarter. Capital International Investors increased its position in S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after purchasing an additional 616,732 shares in the last quarter. Morgan Stanley raised its stake in S&P Global by 8.2% in 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 purchasing an additional 428,737 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in S&P Global by 1,750.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock valued at $156,538,000 after purchasing an additional 405,234 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.1 %

NYSE:SPGI traded down $0.45 on Monday, hitting $415.33. 1,667,246 shares of the stock were exchanged, compared to its average volume of 1,365,647. The stock has a fifty day moving average of $423.63 and a 200-day moving average of $418.41. The stock has a market cap of $129.96 billion, a PE ratio of 46.56, a PEG ratio of 2.35 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16.

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 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. As a group, equities analysts expect that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SPGI shares. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Barclays increased their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus upped their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James raised their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Two 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, S&P Global currently 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.