S&P Global Inc. (NYSE:SPGI) Shares Purchased by Milestone Resources Group Ltd

Milestone Resources Group Ltd boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,293 shares of the business services provider’s stock after purchasing an additional 584 shares during the quarter. S&P Global makes up about 4.6% of Milestone Resources Group Ltd’s investment portfolio, making the stock its 13th largest holding. Milestone Resources Group Ltd owned about 0.08% of S&P Global worth $112,021,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SPGI. Wellington Management Group LLP boosted its holdings in S&P Global by 13.2% in the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after purchasing an additional 881,215 shares during the period. Morgan Stanley boosted its holdings in shares of S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after acquiring an additional 428,737 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of S&P Global by 1,750.0% during the third quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock valued at $156,538,000 after acquiring an additional 405,234 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of S&P Global by 42.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock valued at $377,630,000 after acquiring an additional 309,123 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of S&P Global by 35.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock valued at $430,827,000 after acquiring an additional 308,683 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPGI. Raymond James boosted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. BMO Capital Markets upped their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

S&P Global Trading Up 0.0 %

NYSE SPGI traded up $0.02 on Wednesday, hitting $413.28. 3,127,444 shares of the company were exchanged, compared to its average volume of 1,345,383. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16. The company’s 50 day moving average price is $424.29 and its 200-day moving average price is $417.10. The firm has a market capitalization of $132.36 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its earnings results 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 business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $2.54 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Analysts predict that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by company 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.