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

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global in the 4th quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group grew its position 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 valued at $28,000 after buying an additional 25 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global in the third quarter worth approximately $25,000. LFA Lugano Financial Advisors SA lifted its holdings 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 buying an additional 50 shares in the last quarter. Finally, MCF Advisors LLC lifted its holdings in shares of S&P Global by 141.7% in the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after buying an additional 51 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s 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 in the company, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock traded up $0.08 during trading on Wednesday, reaching $413.34. The company’s stock had a trading volume of 1,756,840 shares, compared to its average volume of 1,323,671. 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 Inc. has a 12-month low of $338.92 and a 12-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 market capitalization of $132.38 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly 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 company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company earned $2.54 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.11 EPS for the current year.

S&P Global Company 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.