Stock Yards Bank & Trust Co. Reduces Position in S&P Global Inc. (NYSE:SPGI)

Stock Yards Bank & Trust Co. lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,051 shares of the business services provider’s stock after selling 776 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in S&P Global were worth $4,428,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $25,000. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $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 valued at $28,000 after purchasing an additional 25 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $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 valued at $33,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.1 %

SPGI opened at $416.93 on Tuesday. The business’s fifty day moving average is $424.47 and its two-hundred day moving average is $416.76. 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 $133.53 billion, a price-to-earnings ratio of 50.66, a PEG ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 earnings per share. Analysts anticipate that S&P Global Inc. will post 14.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on SPGI shares. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. 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 report on Monday, April 1st. Stifel Nicolaus dropped their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a report 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 report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $462.00.

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.