OLD National Bancorp IN Has $1.79 Million Position in S&P Global Inc. (NYSE:SPGI)

OLD National Bancorp IN lessened its stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,073 shares of the business services provider’s stock after selling 401 shares during the period. OLD National Bancorp IN’s holdings in S&P Global were worth $1,794,000 at the end of the most recent reporting period.

Other institutional investors also recently 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 valued at $25,000. Valued Wealth Advisors LLC acquired a new position in shares of S&P Global during the 4th quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group lifted 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 acquiring an additional 25 shares during the period. Fortis Group Advisors LLC acquired a new position in shares of S&P Global during the 3rd quarter valued at $33,000. Finally, LFA Lugano Financial Advisors SA lifted 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 acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James boosted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, Oppenheimer restated an “outperform” rating and set a $480.00 price target on shares of S&P Global in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $462.00.

Read Our Latest Stock Report on SPGI

S&P Global Stock Performance

NYSE SPGI opened at $416.93 on Tuesday. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm 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. The company has a fifty day moving average price of $424.47 and a 200-day moving average price of $416.76.

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

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

S&P Global Company Profile

(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 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.

See Also

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

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