Consolidated Planning Corp Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Consolidated Planning Corp grew its stake in S&P Global Inc. (NYSE:SPGI) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,051 shares of the business services provider’s stock after buying an additional 310 shares during the period. Consolidated Planning Corp’s holdings in S&P Global were worth $2,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. D.B. Root & Company LLC increased its position in S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after buying an additional 23 shares in the last quarter. Allworth Financial LP increased its position in S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after buying an additional 24 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after acquiring an additional 24 shares during the period. Finally, Independence Bank of Kentucky boosted its stake in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related 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 transaction 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 approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

S&P Global Price Performance

NYSE SPGI traded up $0.28 during trading on Friday, hitting $415.78. 1,611,466 shares of the stock traded hands, compared to its average volume of 1,323,956. The company has a market capitalization of $133.16 billion, a P/E ratio of 46.61, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The firm has a 50-day simple moving average of $423.79 and a 200-day simple moving average of $417.41. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. 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 announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, analysts predict that S&P Global Inc. will post 13.99 EPS for the current year.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets upped their price objective 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. Oppenheimer upped their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays upped their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Raymond James upped their price objective 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $462.60.

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.