Mountain Pacific Investment Advisers Inc. ID Buys 51 Shares of S&P Global Inc. (NYSE:SPGI)

Mountain Pacific Investment Advisers Inc. ID raised its stake in S&P Global Inc. (NYSE:SPGI) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,215 shares of the business services provider’s stock after acquiring an additional 51 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in S&P Global were worth $8,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPGI. Wellington Management Group LLP increased its holdings in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the last quarter. Morgan Stanley increased its holdings in shares of S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after buying an additional 428,737 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of S&P Global by 1,750.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock worth $156,538,000 after buying an additional 405,234 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of S&P Global by 42.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock worth $377,630,000 after buying an additional 309,123 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of S&P Global by 35.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock worth $430,827,000 after buying an additional 308,683 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were 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 approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SPGI shares. Raymond James boosted their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Stifel Nicolaus upped their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. BMO Capital Markets upped their price target on shares of 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 upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Price Performance

S&P Global stock opened at $415.78 on Friday. The stock has a market cap of $133.16 billion, a price-to-earnings ratio of 46.61, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.84. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The firm has a 50-day moving average of $423.79 and a two-hundred day moving average of $417.74.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, research analysts forecast that S&P Global Inc. will post 14.03 earnings per share for the current year.

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.