Milestone Resources Group Ltd Has $112.02 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Milestone Resources Group Ltd boosted its position in S&P Global Inc. (NYSE:SPGI) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 254,293 shares of the business services provider’s stock after buying an additional 584 shares during the quarter. S&P Global makes up about 4.6% of Milestone Resources Group Ltd’s portfolio, making the stock its 13th biggest position. Milestone Resources Group Ltd’s holdings in S&P Global were worth $112,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in S&P Global by 13.2% in the third 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 purchasing an additional 881,215 shares in the last quarter. Morgan Stanley grew its stake in S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares in the last quarter. Northern Trust Corp grew its stake in S&P Global by 1.6% in the third quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock valued at $1,196,728,000 after purchasing an additional 52,560 shares in the last quarter. Ameriprise Financial Inc. grew its stake in S&P Global by 3.9% in the third quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock valued at $798,821,000 after purchasing an additional 83,174 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in S&P Global by 24.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock valued at $662,013,000 after purchasing an additional 294,896 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SPGI shares. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note 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 research note on Tuesday, January 9th. Finally, Stifel Nicolaus reduced their target price on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

S&P Global Stock Performance

SPGI traded up $0.02 during trading on Wednesday, hitting $413.28. The stock had a trading volume of 3,127,444 shares, compared to its average volume of 1,345,383. The company has a 50 day moving average price of $424.29 and a 200-day moving average price of $417.10. The firm has a market cap of $132.36 billion, a price-to-earnings ratio of 50.22, a P/E/G ratio of 2.34 and a beta of 1.15. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 14.11 EPS for the current year.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.