S&P Global Inc. (NYSE:SPGI) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 533 shares of the business services provider’s stock after selling 50 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in S&P Global were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position 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 worth $2,769,787,000 after purchasing an additional 881,215 shares during the period. Morgan Stanley increased its holdings in shares of 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 buying an additional 428,737 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of S&P Global by 1,750.0% in the third quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock valued at $156,538,000 after buying an additional 405,234 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of S&P Global by 42.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock valued at $377,630,000 after buying an additional 309,123 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of S&P Global by 35.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock valued at $430,827,000 after buying an additional 308,683 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated 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 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 document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Barclays upped their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Stifel Nicolaus boosted their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Oppenheimer boosted their target price on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $462.60.

S&P Global Stock Up 0.1 %

S&P Global stock traded up $0.28 during mid-day trading on Friday, hitting $415.78. 1,611,466 shares of the company’s stock were exchanged, compared to its average volume of 1,323,956. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a market cap of $133.16 billion, a P/E ratio of 46.61, a P/E/G ratio of 2.36 and a beta of 1.15. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The stock has a 50 day moving average of $423.79 and a two-hundred day moving average of $417.41.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate 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 anticipate that S&P Global Inc. will post 13.99 EPS for the current fiscal year.

S&P Global 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.