Callan Capital LLC Sells 97 Shares of S&P Global Inc. (NYSE:SPGI)

Callan Capital LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,042 shares of the business services provider’s stock after selling 97 shares during the period. Callan Capital LLC’s holdings in S&P Global were worth $459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Fidelis Capital Partners LLC boosted its stake in shares of S&P Global by 18.5% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after buying an additional 220 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after buying an additional 87 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in S&P Global in the fourth quarter valued at approximately $1,644,000. Aspiriant LLC purchased a new position in S&P Global in the fourth quarter valued at approximately $398,000. Finally, Westfield Capital Management Co. LP grew its holdings in S&P Global by 12.1% during the third quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after purchasing an additional 20,153 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

NYSE SPGI traded up $0.23 during trading hours on Friday, reaching $415.73. 1,611,144 shares of the stock traded hands, compared to its average volume of 1,361,431. The stock has a 50 day simple moving average of $423.79 and a two-hundred day simple moving average of $417.41. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. 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 company has a market cap of $133.14 billion, a price-to-earnings ratio of 50.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, analysts predict that S&P Global Inc. will post 14.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPGI has been the subject of several research reports. BMO Capital Markets increased their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Barclays increased their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Raymond James increased their price objective on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Erste Group Bank reissued 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 assigned a buy rating to the stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated 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 transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

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.