Aurora Investment Counsel bought a new stake in S&P Global Inc (NYSE:SPGI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,967 shares of the business services provider’s stock, valued at approximately $2,027,000.
Several other institutional investors also recently modified their holdings of the company. Americafirst Capital Management LLC acquired a new stake in S&P Global during the third quarter worth about $150,000. GQG Partners LLC bought a new position in S&P Global in the 2nd quarter worth about $160,000. San Francisco Sentry Investment Group CA grew its position in S&P Global by 828.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,160 shares of the business services provider’s stock worth $181,000 after purchasing an additional 1,035 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in S&P Global in the 2nd quarter worth about $185,000. Finally, W. E. Donoghue & Co. LLC bought a new position in S&P Global in the 2nd quarter worth about $200,000. Institutional investors and hedge funds own 84.95% of the company’s stock.
Several research analysts have commented on the stock. Piper Jaffray Companies upped their target price on shares of S&P Global from $150.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday. Nomura initiated coverage on shares of S&P Global in a research report on Thursday. They issued a “neutral” rating and a $160.00 target price for the company. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a report on Thursday. Stifel Nicolaus initiated coverage on shares of S&P Global in a report on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price objective for the company. Finally, Barclays reiterated an “overweight” rating and issued a $190.00 price objective (up from $185.00) on shares of S&P Global in a report on Friday, December 15th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $171.46.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now owns 1,259 shares in the company, valued at $200,659.42. The disclosure for this sale can be found here. Insiders sold a total of 7,000 shares of company stock worth $1,104,704 over the last quarter. 0.20% of the stock is currently owned by company insiders.
Shares of S&P Global Inc (NYSE:SPGI) opened at $176.40 on Friday. S&P Global Inc has a 12-month low of $110.91 and a 12-month high of $178.50. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $44,980.00, a P/E ratio of 25.90, a P/E/G ratio of 1.94 and a beta of 1.51.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. S&P Global’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. research analysts forecast that S&P Global Inc will post 6.66 earnings per share for the current year.
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About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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