Callan Capital LLC Has $459,000 Stake in S&P Global Inc. (NYSE:SPGI)

Callan Capital LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,042 shares of the business services provider’s stock after selling 97 shares during the quarter. Callan Capital LLC’s holdings in S&P Global were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SPGI. Bryn Mawr Capital Management LLC lifted its holdings in S&P Global by 9.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 1,636 shares of the business services provider’s stock worth $721,000 after purchasing an additional 146 shares during the last quarter. Gould Asset Management LLC CA acquired a new stake in S&P Global in the 4th quarter worth approximately $268,000. VCI Wealth Management LLC acquired a new stake in S&P Global in the 4th quarter worth approximately $816,000. Abbrea Capital LLC lifted its holdings in S&P Global by 14.5% in the 4th quarter. Abbrea Capital LLC now owns 1,027 shares of the business services provider’s stock worth $452,000 after purchasing an additional 130 shares during the last quarter. Finally, Syon Capital LLC lifted its holdings in S&P Global by 41.5% in the 4th quarter. Syon Capital LLC now owns 2,240 shares of the business services provider’s stock worth $987,000 after purchasing an additional 657 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on SPGI. Stifel Nicolaus lifted their price target on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. BMO Capital Markets boosted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Price Performance

S&P Global stock traded up $0.23 on Friday, reaching $415.73. The company’s stock had a trading volume of 1,611,144 shares, compared to its average volume of 1,361,431. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $133.14 billion, a price-to-earnings ratio of 50.51, a PEG ratio of 2.32 and a beta of 1.15. The business’s fifty day moving average price is $423.79 and its 200 day moving average price is $417.41. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16.

S&P Global (NYSE:SPGI) last posted 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 business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. Equities analysts expect that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Insider Buying and Selling

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

S&P Global Company 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.