S&P Global Inc. (NYSE:SPGI) Shares Sold by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 16.2% during the 4th quarter, HoldingsChannel reports. The fund owned 103,460 shares of the business services provider’s stock after selling 20,071 shares during the period. S&P Global comprises 3.8% of Sandhill Capital Partners LLC’s portfolio, making the stock its 11th largest position. Sandhill Capital Partners LLC’s holdings in S&P Global were worth $45,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Founders Financial Securities LLC grew its position in shares of S&P Global by 8.1% during the third quarter. Founders Financial Securities LLC now owns 1,595 shares of the business services provider’s stock worth $583,000 after acquiring an additional 120 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of S&P Global by 819.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 967 shares in the last quarter. Private Trust Co. NA boosted its position in shares of S&P Global by 3.0% during the 3rd quarter. Private Trust Co. NA now owns 4,000 shares of the business services provider’s stock valued at $1,462,000 after purchasing an additional 115 shares in the last quarter. Boston Trust Walden Corp lifted its stake in S&P Global by 5.8% during the third quarter. Boston Trust Walden Corp now owns 3,560 shares of the business services provider’s stock valued at $1,301,000 after buying an additional 195 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in S&P Global by 5.0% during the third quarter. Proficio Capital Partners LLC now owns 978 shares of the business services provider’s stock valued at $357,000 after buying an additional 47 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

S&P Global stock traded up $2.22 on Thursday, hitting $415.50. The company’s stock had a trading volume of 2,089,529 shares, compared to its average volume of 1,358,805. The firm has a market cap of $133.07 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $424.13 and a 200-day moving average price of $417.08. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16.

S&P Global (NYSE:SPGI) last announced 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 business 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 company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $2.54 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 14.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPGI. Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Raymond James lifted their price target 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. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Stifel Nicolaus dropped their price target on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $462.00.

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.