S&P Global Inc. (NYSE:SPGI) Shares Sold by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 16.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,460 shares of the business services provider’s stock after selling 20,071 shares during the period. S&P Global accounts for approximately 3.8% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 11th biggest position. Sandhill Capital Partners LLC’s holdings in S&P Global were worth $45,576,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. VCI Wealth Management LLC acquired a new position in shares of S&P Global during the 4th quarter worth about $816,000. Abbrea Capital LLC raised its holdings in S&P Global by 14.5% in the 4th quarter. Abbrea Capital LLC now owns 1,027 shares of the business services provider’s stock valued at $452,000 after acquiring an additional 130 shares during the last quarter. Syon Capital LLC raised its holdings in S&P Global by 41.5% in the 4th quarter. Syon Capital LLC now owns 2,240 shares of the business services provider’s stock valued at $987,000 after acquiring an additional 657 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in S&P Global by 1.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 48,854 shares of the business services provider’s stock valued at $21,521,000 after acquiring an additional 631 shares during the last quarter. Finally, Channing Global Advisors LLC raised its holdings in S&P Global by 1.4% in the 4th quarter. Channing Global Advisors LLC now owns 2,371 shares of the business services provider’s stock valued at $1,044,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays increased 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 increased their price target 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $462.00.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were 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 directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

S&P Global Trading Up 0.5 %

Shares of NYSE:SPGI traded up $2.22 during mid-day trading on Thursday, reaching $415.50. 2,089,529 shares of the company were exchanged, compared to its average volume of 1,358,805. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $133.07 billion, a price-to-earnings ratio of 50.22, a P/E/G ratio of 2.32 and a beta of 1.15. The firm’s 50-day simple moving average is $424.13 and its 200 day simple moving average is $417.08. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16.

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

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.