Paradigm Financial Partners LLC Acquires 89 Shares of S&P Global Inc. (NYSE:SPGI)

Paradigm Financial Partners LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,049 shares of the business services provider’s stock after buying an additional 89 shares during the quarter. Paradigm Financial Partners LLC’s holdings in S&P Global were worth $2,665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the period. Morgan Stanley boosted its position in shares of S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after purchasing an additional 428,737 shares in the last quarter. Northern Trust Corp grew its stake in shares of S&P Global by 1.6% in the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after buying an additional 52,560 shares during the last quarter. Ameriprise Financial Inc. increased its position in S&P Global by 3.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock valued at $798,821,000 after buying an additional 83,174 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in S&P Global by 24.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock valued at $662,013,000 after buying an additional 294,896 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPGI. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Oppenheimer raised their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets raised 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. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $462.60.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $0.28 on Friday, reaching $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 50-day simple moving average of $423.79 and a 200 day simple moving average of $417.74. S&P Global Inc. has a 52-week low of $340.49 and a 52-week 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 has a market cap of $133.16 billion, a P/E ratio of 46.61, a PEG 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 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, equities research analysts anticipate that S&P Global Inc. will post 14.03 EPS for the current fiscal 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.