Coronation Fund Managers Ltd. lessened its holdings in shares of S&P Global Inc (NYSE:SPGI) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,424 shares of the business services provider’s stock after selling 5,175 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in S&P Global were worth $5,323,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new stake in shares of S&P Global during the 4th quarter worth approximately $129,000. Americafirst Capital Management LLC bought a new stake in S&P Global during the 3rd quarter valued at $150,000. San Francisco Sentry Investment Group CA raised its position in S&P Global by 828.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,160 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 1,035 shares in the last quarter. W. E. Donoghue & Co. LLC bought a new stake in S&P Global during the 2nd quarter valued at $200,000. Finally, Country Club Trust Company n.a. bought a new stake in S&P Global during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 85.37% of the company’s stock.
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In related news, EVP Courtney Geduldig sold 1,404 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the transaction, the executive vice president now owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the transaction, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.
A number of brokerages have weighed in on SPGI. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a research report on Tuesday, January 23rd. Nomura assumed coverage on S&P Global in a research note on Thursday, January 11th. They set a “neutral” rating and a $160.00 target price on the stock. Piper Jaffray Companies boosted their target price on S&P Global from $150.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 10th. Stifel Nicolaus assumed coverage on S&P Global in a research note on Tuesday, December 19th. They set a “hold” rating and a $186.00 target price on the stock. Finally, Barclays reiterated an “overweight” rating and set a $190.00 price target (up previously from $185.00) on shares of S&P Global in a research note on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $172.00.
Shares of S&P Global Inc (SPGI) traded down $0.59 on Monday, hitting $176.74. The stock had a trading volume of 553,587 shares, compared to its average volume of 907,384. S&P Global Inc has a 1 year low of $121.89 and a 1 year high of $185.34. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. The stock has a market capitalization of $45,219.15, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.52.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.