GAMMA Investing LLC Invests $520,000 in S&P Global Inc. (NYSE:SPGI)

GAMMA Investing LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,160 shares of the business services provider’s stock, valued at approximately $520,000.

Several other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of S&P Global during the 3rd quarter worth about $25,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group boosted its stake in S&P Global by 64.1% during the fourth 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 purchased a new stake in shares of S&P Global in the third quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA increased its stake in shares of S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Finally, Stifel Nicolaus cut their target price on S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Trading Up 0.0 %

Shares of S&P Global stock traded up $0.08 during trading on Wednesday, reaching $413.34. 1,756,840 shares of the company were exchanged, compared to its average volume of 1,323,671. The firm has a market capitalization of $132.38 billion, a price-to-earnings ratio of 50.22, a P/E/G ratio of 2.34 and a beta of 1.15. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16. The business has a 50-day moving average price of $424.29 and a 200-day moving average price of $417.10. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.

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