Raymond James & Associates Sells 1,151 Shares of S&P Global Inc. (NYSE:SPGI)

Raymond James & Associates cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 757,396 shares of the business services provider’s stock after selling 1,151 shares during the period. Raymond James & Associates owned about 0.24% of S&P Global worth $322,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global in the third quarter worth about $25,000. Private Wealth Management Group LLC bought a new position in S&P Global in the 4th quarter worth approximately $26,000. Pineridge Advisors LLC acquired a new position in S&P Global during the 4th quarter worth $26,000. Valued Wealth Advisors LLC bought a new position in S&P Global in the 4th quarter valued at $28,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’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 transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus upped their target price 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. Oppenheimer lifted their price target on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, BMO Capital Markets lifted their target price 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $462.60.

S&P Global Stock Up 0.1 %

NYSE SPGI traded up $0.28 during trading on Friday, hitting $415.78. The stock had a trading volume of 1,611,466 shares, compared to its average volume of 1,323,956. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.92. The company’s 50-day moving average price is $423.79 and its two-hundred day moving average price is $417.41. The company has a market capitalization of $133.16 billion, a PE ratio of 46.61, a P/E/G ratio of 2.36 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. As a group, sell-side analysts forecast that S&P Global Inc. will post 13.99 EPS for the current year.

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.