VCI Wealth Management LLC Acquires Shares of 1,852 S&P Global Inc. (NYSE:SPGI)

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

Several other institutional investors have also recently bought and sold shares of the business. D.B. Root & Company LLC raised its position in shares of S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after acquiring an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in shares of S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after acquiring an additional 23 shares during the last quarter. Allworth Financial LP raised its position in shares of S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after acquiring an additional 24 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after acquiring an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky raised its position in shares of S&P Global by 1.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.5 %

Shares of SPGI stock traded up $2.22 on Thursday, hitting $415.50. 2,089,529 shares of the stock were exchanged, compared to its average volume of 1,358,805. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $133.07 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The business has a 50-day moving average of $424.13 and a 200 day moving average of $417.08. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week 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 the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.54 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 14.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SPGI shares. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus decreased their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $462.00.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was 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 owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

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.