Gilliland Jeter Wealth Management LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Gilliland Jeter Wealth Management LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,572 shares of the business services provider’s stock, valued at approximately $1,133,000.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global during the 3rd quarter valued at about $25,000. Valued Wealth Advisors LLC bought a new position in shares of S&P Global during the 4th quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group increased its position in shares of S&P Global by 64.1% during 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 bought a new position in shares of S&P Global during the 3rd quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA increased 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 purchasing an additional 50 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. Stifel Nicolaus raised their price target on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer raised their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets raised their price target 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. Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Raymond James increased 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.60.

S&P Global Stock Up 0.1 %

NYSE:SPGI traded up $0.28 during trading hours on Friday, reaching $415.78. 1,611,466 shares of the company traded hands, compared to its average volume of 1,323,956. The business’s 50-day moving average price is $423.79 and its two-hundred day moving average price is $417.74. The stock has a market capitalization 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 company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Analysts predict that S&P Global Inc. will post 14.03 earnings per share for the current year.

Insider Buying and Selling

In related 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 value of $2,548,440.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently 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.