VCI Wealth Management LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,852 shares of the business services provider’s stock, valued at approximately $816,000.
Several other institutional investors have also recently bought and sold shares of the business. D.B. Root & Company LLC raised its position in shares of S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after acquiring an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in shares of S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after acquiring an additional 23 shares during the last quarter. Allworth Financial LP raised its position in shares of S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after acquiring an additional 24 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after acquiring an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky raised its position in shares of S&P Global by 1.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.
S&P Global Stock Up 0.5 %
Shares of SPGI stock traded up $2.22 on Thursday, hitting $415.50. 2,089,529 shares of the stock were exchanged, compared to its average volume of 1,358,805. 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 firm has a market capitalization of $133.07 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The business has a 50-day moving average of $424.13 and a 200 day moving average of $417.08. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on SPGI shares. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus decreased their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Barclays lifted their price objective 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. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $462.00.
Insider Transactions at S&P Global
In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated 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 owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by 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.
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