S&P Global Inc. (NYSE:SPGI) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,810 shares of the business services provider’s stock after selling 104 shares during the quarter. Financial Advocates Investment Management’s holdings in S&P Global were worth $661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cable Hill Partners LLC purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $220,000. Portside Wealth Group LLC boosted its position in shares of S&P Global by 11.2% in the third quarter. Portside Wealth Group LLC now owns 803 shares of the business services provider’s stock worth $295,000 after buying an additional 81 shares during the period. Flossbach Von Storch AG grew its holdings in shares of S&P Global by 73.0% during the third quarter. Flossbach Von Storch AG now owns 535,700 shares of the business services provider’s stock valued at $195,750,000 after buying an additional 226,090 shares in the last quarter. TIAA Trust National Association acquired a new position in S&P Global during the third quarter valued at $25,210,000. Finally, Gradient Investments LLC lifted its stake in S&P Global by 300.0% in the 3rd quarter. Gradient Investments LLC now owns 128 shares of the business services provider’s stock worth $47,000 after acquiring an additional 96 shares in the last quarter. 85.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com began coverage on shares of S&P Global in a research note on Thursday, October 5th. They set a “hold” rating for the company. TheStreet raised shares of S&P Global from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Finally, Morgan Stanley reduced their price objective on S&P Global from $450.00 to $424.00 and set an “overweight” rating for the company in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $433.22.

View Our Latest Analysis on S&P Global

Insider Buying and Selling

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $405.28, for a total transaction of $2,431,680.00. Following the sale, the chief executive officer now directly owns 163,613 shares in the company, valued at $66,309,076.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Up 0.6 %

Shares of S&P Global stock opened at $437.00 on Friday. S&P Global Inc. has a 12-month low of $321.14 and a 12-month high of $443.72. The stock has a market capitalization of $138.44 billion, a P/E ratio of 56.53, a PEG ratio of 2.29 and a beta of 1.19. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $421.02 and a two-hundred day moving average price of $397.13.

S&P Global (NYSE:SPGIGet Free Report) last announced its earnings results on Thursday, November 2nd. The business services provider reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.16. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. S&P Global had a return on equity of 10.72% and a net margin of 20.20%. Equities analysts expect that S&P Global Inc. will post 12.6 earnings per share for the current year.

About S&P Global

(Free Report)

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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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