Raymond James & Associates Sells 1,151 Shares of S&P Global Inc. (NYSE:SPGI)

Raymond James & Associates decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 757,396 shares of the business services provider’s stock after selling 1,151 shares during the period. Raymond James & Associates’ holdings in S&P Global were worth $322,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. bought a new stake in S&P Global in the third quarter valued at $25,000. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $26,000. Pineridge Advisors LLC bought a new stake in S&P Global in the 4th quarter valued at about $26,000. Valued Wealth Advisors LLC bought a new stake in S&P Global in the 4th quarter valued at about $28,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1 %

Shares of SPGI traded up $0.28 during trading hours on Friday, reaching $415.78. 1,611,466 shares of the stock traded hands, 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 company has a market cap of $133.16 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 2.36 and a beta of 1.15. The stock has a fifty day simple moving average of $423.79 and a 200 day simple moving average of $417.41. 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 posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. On average, equities analysts forecast that S&P Global Inc. will post 13.99 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPGI. Oppenheimer boosted their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday. Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James raised their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Stifel Nicolaus boosted their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

S&P Global 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.