Gould Asset Management LLC CA Purchases Shares of 608 S&P Global Inc. (NYSE:SPGI)

Gould Asset Management LLC CA purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, Holdings Channel reports. The firm purchased 608 shares of the business services provider’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global in the 3rd quarter worth $25,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group grew its stake in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in shares of S&P Global in the 3rd quarter worth $33,000. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the 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 directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on SPGI shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Barclays upped their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. BMO Capital Markets increased their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Oppenheimer increased their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Stock Performance

NYSE:SPGI traded up $0.23 on Friday, reaching $415.73. 1,611,144 shares of the company’s stock were exchanged, compared to its average volume of 1,361,431. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $133.14 billion, a price-to-earnings ratio of 50.64, a P/E/G ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16. The stock has a fifty day simple moving average of $423.95 and a 200-day simple moving average of $417.07.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share 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 analyst estimates of $3.39 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. As a group, sell-side analysts predict that S&P Global Inc. will post 14.11 earnings per share for the current year.

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.