VCI Wealth Management LLC Takes $816,000 Position in S&P Global Inc. (NYSE:SPGI)

VCI Wealth Management LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,852 shares of the business services provider’s stock, valued at approximately $816,000.

Several other large investors also recently made changes to their positions in SPGI. Kathleen S. Wright Associates Inc. acquired a new position in S&P Global during the 3rd quarter valued at about $25,000. Valued Wealth Advisors LLC acquired a new position in S&P Global during the 4th quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group boosted its stake in S&P Global by 64.1% during the 4th 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 last quarter. Fortis Group Advisors LLC acquired a new position in S&P Global during the 3rd quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in S&P Global by 200.0% during the 4th 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 last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI traded up $2.22 on Thursday, hitting $415.50. 2,089,529 shares of the stock traded hands, compared to its average volume of 1,358,805. The business’s fifty day moving average is $424.13 and its two-hundred day moving average is $417.08. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The firm has a market capitalization of $133.07 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the company posted $2.54 earnings per share. S&P Global’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that S&P Global Inc. will post 14.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SPGI. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus decreased their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Raymond James increased their price target 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, Barclays increased their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $462.00.

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.