Stonebrook Private Inc. Buys New Position in S&P Global Inc. (NYSE:SPGI)

Stonebrook Private Inc. bought a new position in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,532 shares of the business services provider’s stock, valued at approximately $675,000.

A number of other hedge funds have also modified their holdings of the stock. Consolidated Planning Corp boosted its position in S&P Global by 6.5% in the 4th quarter. Consolidated Planning Corp now owns 5,051 shares of the business services provider’s stock valued at $2,225,000 after buying an additional 310 shares during the last quarter. Dohj LLC boosted its position in shares of S&P Global by 48.4% in the 4th quarter. Dohj LLC now owns 4,667 shares of the business services provider’s stock worth $2,056,000 after purchasing an additional 1,522 shares during the last quarter. Private Wealth Partners LLC boosted its position in shares of S&P Global by 0.7% in the 4th quarter. Private Wealth Partners LLC now owns 9,062 shares of the business services provider’s stock worth $3,992,000 after purchasing an additional 62 shares during the last quarter. Addison Advisors LLC boosted its position in shares of S&P Global by 33.3% in the 4th quarter. Addison Advisors LLC now owns 176 shares of the business services provider’s stock worth $78,000 after purchasing an additional 44 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of S&P Global in the 4th quarter worth $1,133,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.1 %

SPGI traded up $0.28 during trading on Friday, reaching $415.78. 1,611,466 shares of the stock traded hands, compared to its average volume of 1,323,956. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock 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. The stock’s 50-day moving average is $423.79 and its 200 day moving average is $417.74. 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 issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Equities analysts anticipate that S&P Global Inc. will post 14.03 earnings per share for the current year.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets raised their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Raymond James lifted their target price on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Oppenheimer lifted their target price on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

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.