S&P Global Inc. (NYSE:SPGI) Position Reduced by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,543 shares of the business services provider’s stock after selling 1,853 shares during the period. Amica Mutual Insurance Co.’s holdings in S&P Global were worth $5,085,000 as of its most recent SEC filing.

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

S&P Global Price Performance

Shares of SPGI stock traded down $0.45 during midday trading on Monday, reaching $415.33. 1,667,246 shares of the company were exchanged, compared to its average volume of 1,365,647. The company’s 50 day moving average price is $423.63 and its two-hundred day moving average price is $418.41. The company has a market cap of $129.96 billion, a P/E ratio of 46.56, a PEG ratio of 2.35 and a beta of 1.15. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

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 analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, sell-side analysts expect that S&P Global Inc. will post 14.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on SPGI shares. Raymond James lifted their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. 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 increased their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Barclays upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. 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 MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred 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 directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

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.