Russell Investments Group Ltd. Sells 9,531 Shares of S&P Global Inc. (NYSE:SPGI)

Russell Investments Group Ltd. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 520,485 shares of the business services provider’s stock after selling 9,531 shares during the quarter. Russell Investments Group Ltd.’s holdings in S&P Global were worth $229,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in S&P Global during the third quarter worth $25,000. Valued Wealth Advisors LLC bought a new position in shares of S&P Global in the fourth quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 25 shares during the period. Fortis Group Advisors LLC bought a new position in shares of S&P Global in the third quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA raised its position in shares of S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the period. 87.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated 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 $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock traded up $0.28 on Friday, hitting $415.78. The company’s stock had a trading volume of 1,611,466 shares, compared to its average volume of 1,323,956. The company has a market capitalization of $133.16 billion, a PE ratio of 46.61, a PEG ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.92. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The stock’s 50 day moving average is $423.79 and its 200-day moving average is $417.41.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPGI. Raymond James increased their price objective 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. Oppenheimer increased their price objective on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Finally, 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 research report on Monday, April 1st. Two equities research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

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.