Gould Asset Management LLC CA Takes $268,000 Position in S&P Global Inc. (NYSE:SPGI)

Gould Asset Management LLC CA purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 608 shares of the business services provider’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Exchange Traded Concepts LLC raised its holdings in S&P Global by 819.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider’s stock worth $396,000 after acquiring an additional 967 shares during the period. Boston Trust Walden Corp raised its holdings in S&P Global by 5.8% in the 3rd quarter. Boston Trust Walden Corp now owns 3,560 shares of the business services provider’s stock worth $1,301,000 after acquiring an additional 195 shares during the period. Blue Fin Capital Inc. boosted its position in shares of S&P Global by 4.4% during the 3rd quarter. Blue Fin Capital Inc. now owns 4,259 shares of the business services provider’s stock valued at $1,556,000 after acquiring an additional 180 shares in the last quarter. WS Portfolio Advisory LLC acquired a new stake in shares of S&P Global during the 3rd quarter valued at about $4,844,000. Finally, GDS Wealth Management boosted its position in shares of S&P Global by 9.8% during the 3rd quarter. GDS Wealth Management now owns 17,481 shares of the business services provider’s stock valued at $6,388,000 after acquiring an additional 1,557 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented 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 research report on Tuesday, January 9th. Stifel Nicolaus boosted their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. 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 report on Tuesday, April 2nd. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $462.60.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.1 %

Shares of SPGI traded up $0.23 on Friday, reaching $415.73. 1,611,144 shares of the company’s stock were exchanged, compared to its average volume of 1,361,431. 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 stock has a market capitalization of $133.14 billion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The business has a 50 day moving average price of $423.95 and a two-hundred day moving average price of $417.07. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16.

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