Transcend Capital Advisors LLC Sells 244 Shares of S&P Global Inc. (NYSE:SPGI)

Transcend Capital Advisors LLC lowered its position in S&P Global Inc. (NYSE:SPGI) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,166 shares of the business services provider’s stock after selling 244 shares during the period. S&P Global comprises about 1.0% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Transcend Capital Advisors LLC’s holdings in S&P Global were worth $11,527,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global in the third quarter worth $25,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global in the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group grew its holdings in S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 25 shares during the period. Fortis Group Advisors LLC bought a new stake in S&P Global during the third quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA grew its holdings 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 during the period. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction 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 transaction, 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 document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

S&P Global Stock Up 0.1 %

Shares of NYSE:SPGI traded up $0.28 on Friday, reaching $415.78. The company had a trading volume of 1,611,466 shares, compared to its average volume of 1,323,956. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The firm’s 50 day simple moving average is $423.79 and its 200-day simple moving average is $417.41. The firm has a market capitalization of $133.16 billion, a PE ratio of 46.61, a PEG ratio of 2.36 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.39 billion. As a group, analysts expect that S&P Global Inc. will post 13.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays boosted their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Oppenheimer boosted their target price on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James upped their price objective 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. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

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.