Tokio Marine Asset Management Co. Ltd. Grows Position in S&P Global Inc. (NYSE:SPGI)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,462 shares of the business services provider’s stock after acquiring an additional 229 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in S&P Global were worth $3,287,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. grew its stake in S&P Global by 9.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 11,392 shares of the business services provider’s stock worth $5,018,000 after buying an additional 963 shares during the last quarter. Magnolia Capital Advisors LLC raised its holdings in S&P Global by 6.9% during the fourth quarter. Magnolia Capital Advisors LLC now owns 1,834 shares of the business services provider’s stock worth $834,000 after purchasing an additional 119 shares during the last quarter. Wynn Capital LLC acquired a new position in shares of S&P Global in the fourth quarter worth $208,000. Cumberland Partners Ltd raised its holdings in shares of S&P Global by 1.7% in the fourth quarter. Cumberland Partners Ltd now owns 95,875 shares of the business services provider’s stock worth $42,235,000 after acquiring an additional 1,633 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in S&P Global in the fourth quarter valued at $520,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Stifel Nicolaus lowered their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Barclays boosted 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. Finally, BMO Capital Markets boosted their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $462.00.

S&P Global Stock Performance

SPGI traded down $2.51 during trading hours on Thursday, hitting $410.77. The company’s stock had a trading volume of 1,090,251 shares, compared to its average volume of 1,341,362. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $131.55 billion, a PE ratio of 50.22, a PEG ratio of 2.32 and a beta of 1.15. The company has a 50-day simple moving average of $424.13 and a 200 day simple moving average of $417.08.

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 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 analyst estimates of $3.13 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that S&P Global Inc. will post 14.11 EPS for the current 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.